In a week with few economic data releases, the latest ECB communications
turned the week tumultuous. It appears that worries about inflation have risen sufficiently for the ECB to accelerate the path of tightening. So, in addition to a faster tapering process that could see asset purchases end in Q3, we now also expect the ECB to hike the deposit rate in December and again in March next year, ending the period of negative interest rates.
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Topics: Europe, Eurozone, ECB, Inflation, Euro, Macroeconomics, Interest rates, Inflation risks, Outlook, France, Energy prices, European Union