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ECB seen extending QE; market looks to hints on tapering

Published 12/08/2016, 04:18 AM

Investing.com - The ECB Thursday is seen extending QE program by three to six months beyond March 2017.
Hints looked for on eventual tapering; ECB chief Draghi to avoid roiling the market on issue.
Uncertainty whether size of current €80 bn per month asset-buying program will be rejigged.
Central bank expected to leave key interest rates unchanged.
ECB to update economic projections; inflation still well below 2% target, growth remains anemic.
Draghi may reiterate need for fiscal stimulus to compliment accommodative monetary policy.
Euro strengthens against the dollar ahead of the meeting.

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