No commitment to taper from dovish ECB

ECB red light 230x150
By Lewis McLellan
20 Jul 2017

The European Central Bank’s Thursday meeting marked a return to traditionally dovish form, putting off any discussion of tapering or adjustment to monetary policy, writes Lewis McLellan.

Monitoring the statements of central banks is often an exercise in analysing the slightest change in wording. But, when no such changes occur, their absence can cause just as much speculation.

In the run-up to Thursday’s meeting, analysts predicted that the ECB would revise its statement to remove ...

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