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    Published on Friday, March 9, 2018

    ECB Watch | Another step towards monetary policy normalization, as expected

    Summary

    The ECB removed the easing bias on the Asset Purchase Programme. Macro projections remained mostly unchanged. Protectionism (re)emerges as a downside risk.

    Geographies

    Authors

    Sonsoles Castillo BBVA Research - Chief Economist for Financial and Economic Analysis
    Agustín García BBVA Research - Lead Economist
    Miguel Jiménez BBVA Research - Lead Economist
    María Martínez BBVA Research - Principal Economist

    Documents and files


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    Report (PDF)

    BCE-Marzo18

    Spanish - March 9, 2018

    Report (PDF)

    ECB-0803

    English - March 9, 2018

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