Story doing the rounds from Reuters citing sources 14 July
- ECB reluctant to specify when QE asset purchases will fall to zero
- likely to seek flexibility in eventual cuts to programme
"Sources familiar with the discussion" say Reuters
Say one:
"The Fed has done the most successful exit from its asset buying so it's the example for us to study. The important thing is not to pre-commit and keep it very gradual"
All to add to the conjecture and stories out there right now on ECB tapering.
Yesterday I reported on WSJ sources saying Draghi may announce something at Jackson Hole in August.
EUR pairs unfazed still.
ECB meet next Thursday but no key changes expected .
Draghi to take a lead from Yellen ?
