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ECB Cuts Back On Quantitative Ease, As Expected. Markets React Strongly

ECB Cuts Back On Quantitative Ease, As Expected. Markets React Strongly

2 Years ago | October 29, 2017 00:00:00

John M. Bland, MBA


Buy The Rumor; Sell the Fact? There were no major surprises in the closely watched ECB policy decision on Thursday October 26. This was probably the most closely followed ECB decision ever because the ECB has been well behind the Fed and Bank of England in gradually pulling away from aggressive policy accommodation. ECB President Draghi has a market reputation for being a policy dove and forex markets took this ”policy tightening” as not as aggressive as they might have liked. The main focus of the markets was by how much the ECB would reduce its asset purchases (bonds) when t

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