Starting Shot for the Great Unwind

Starting Shot for the Great Unwind

A pivotal year for the ECB: Whereas 2018 will be known as the year when the ECB reached the end of its monetary easing path – with the cessation of QE net purchases under which the ECB accumulated a bond portfolio worth €2.6 trillion over the course of close to four years – 2019 will mark the beginning of monetary tightening.

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