Report Contents

July 19, 2021

Macro Series

ECB – the fine line between stimulus and exuberance

BY Michael Heise

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Economic conditions and prospects in the euro area have improved. Markets are exuberant, and the ECB expects the pickup in inflation to prove temporary. Soon however the ECB will have to consider when to start ‘leaning against the wind’.

Macro-series-ECB-the-fine-line-between-stimulus-and-exuberance-July-2021

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