Market Comment | Dovish ECB tapering pushed up markets amid Catalonian brinkmanship

Summary

As expected, the ECB announced a reduction to €30bn from €60bn in its monthly asset purchases from January onwards, and an extension to September 2018. The decision was not unanimous, but there was a broad consensus on some issues and a large majority on others. Furthermore, the ECB reinforced its forward guidance on reinvestment flows, […]

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