Today’s ECB press conference made us more confident that tapering will come next year. An announcement of the policy now seems most likely to come in October, rather than at the next meeting in September as we had previously assumed. But we still think that purchases will end in the first half of 2018, and we continue to think that interest rates will remain unchanged until 2019.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services