That said, the heat is on.”After the inflation rate quadrupled to 2% in just four months, pressure has built on policy makers to map out an exit from unconventional stimulus that started in the summer of 2014. More than half of the respondents predict the Governing will follow up in September by announcing changes to its €2.24 trillion ($2.4 trillion) QE program. Changes in interest rates remain a long way off. More than 80% of respondents predict inflation will reach the ECB’s goal—a sustained medium-term rate of just below 2%—before his tenure ends in October 2019. “If the ECB were to discuss QE tapering, interest rates would rise too high and put the economic recovery at risk.” Bloomberg

Source: Mint March 05, 2017 13:52 UTC