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Global Markets daily

28 June 2017

Draghi’ng the markets weaker

Draghi took the market by surprise yesterday by suggesting that the ECB is preparing to taper its QE programme. His comments were rather convoluted: “As the economy continues to recover, a constant policy stance will become more accommodative, and the central bank can accompany the recovery by adjusting the parameters of its policy instruments — not in order to tighten the policy stance, but to keep it broadly unchanged..

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