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19 Mar 2018
ECB debate shifting to interest rate path from QE - Reuters
According to a Reuters report published this Monday, citing sources, the ECB policymakers are now shifting debate to steepness of rate path as doves accept that QE should end this year
Key points:
• Policymakers broadly comfortable with market pricing for first hike in Q2-2019
• Debate likely to be about the steepness of the rate hike path with doves fearful of stoking rate hike expectations
• Decision about taper likely to be taken relatively late, in June or July, because of worries about a potential trade war and FX