ECB poised to clarify tapering of PEPP purchases

ECB + bridge

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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