ECB December Meeting Preview: Another PEPP increase coming
PEPP increase coming as second lockdowns bite
By Enrique Diaz-Alvarez Chief's Risk Officer, Matthew Ryan Senior Market Analyst & Roman Ziruk Market Analyst, Ebury - 9th December 2020
The second wave of the COVID-19 pandemic presents a significant downside risk to the Euro Area economy. New cases of the virus began increasing sharply in the bloc in early-October, leading to the re-introduction of a number of containment measures from earlier in the year. France and Germany both imposed national lockdowns, with many other countries in the bloc enforcing a range of measures such as tiered systems, nighttime curfews and the early closure of hospitality venues. The imposition of these measures has raised concerns over a fresh slump in Eurozone economic activity and caused investors to double down on bets on additional policy easing from the European Central Bank at its 10th December meeting.
Click here to download the full ECB December Meeting Preview :
Ebury ECB December Meeting Preview - 09.12.2020
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Press Contacts:
Gunther De Backer
Olivier Duquaine