The ECB meets on Thursday for its March interest rate decision meeting. Expectations are widely held that the central bank with leave rates unchanged. However, investors will be watching to see if and how the ECB will change its pace of bond purchases. The Pandemic Emergency Purchase Program (PEPP) is set to expire this month. However, the ECB said it will continue purchasing bonds under the ongoing Asset Purchase Program (APP) at a pace of 40 billion Euros a month in Q2, 30 billion Euros a month in Q3, and 20 billion Euros a month in Q4. It will then consider raising rates. But with an inflation reading of 5.8% for February and a Core CPI reading of 2.7%, one must consider whether the central bank will adjust its pace of bond buying, possibly to end in Q3. This would leave the door open for a rate hike/hikes in […]

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