ECB: A secret tapering recipe? Back to the full listEconomic Outlook, Industry risk Focus TweetEmailThe ECB has to make a move towards normalisation. Soft tapering is an option: it consists of stoping or reducing reinvestments of principal payments before reducing QE. Related Please fill in this form to download the publications. 3> Last Name*First NamePositionCompany*PhoneEmail* CAPTCHAEmailThis field is for validation purposes and should be left unchanged.