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Published on Thursday, December 14, 2017

Market Comment | No surprises after a raft of central bank meetings

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Summary

No surprises after the ECB monetary policy meeting (see). As expected, the ECB remained on hold and maintained its forward guidance. It stressed that there was no discussion about QE recalibration. Nonetheless, the ECB upgraded its economic growth forecasts significantly to 2.4% in 2017 and 2.3% in 2018. The inflation rate was also revised upwards, […]