October, 21 2016 by lsr team

  • Mario Draghi dismissed press reports that he is planning a QE taper
  • This is because the ECB must first extend QE and address scarcity problems
  • But tapering remains a strong possibility for 2017 H2

October, 07 2016 by lsr team

We think that an ECB taper is increasingly likely in 2017. But the bank’s immediate problem is how to overcome a scarcity of bonds available for purchase in order to complete the current programme. The ECB needs to be able to credibly declare victory before it heads for the exit.