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Published on Wednesday, April 10, 2019 | Updated on Thursday, April 11, 2019

The ECB reaffirms its dovish tone

April was a transition meeting for the ECB, with no changes in the forward guidance and little information on hot issues (liquidity measures and tiered-deposit rates). Still, Draghi sounded dovish on the macroeconomic outlook and his reiteration that they are ready to act with all available instruments. We expect details on the TLTRO-III at the June meeting.

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