ECB poised to clarify tapering of PEPP purchases
Analysts agree central bank views higher inflation as transitory and will maintain rate of purchases
The European Central Bank is set to clarify its medium-term plans for its main asset purchase after its policy meeting on June 10.
Analysts agree the central bank considers recent higher inflation a temporary phenomenon. In May, the harmonised index of consumer prices (HICP) rose above the ECB’s target, hitting 2%, according to early estimates by Eurostat. This would be the first time inflation reached that level since October 2018. Nonetheless, this is not expected to trigger a reduction in
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