ECB December Preview - PEPP 'Bazooka'
ECB’s LAGARDE SAID THEY’RE GOING TO IMPLEMENT THE ULTIMATE BAZOOKA FOR THE MEETING OF DECEMBER
That was the headline on the 12th of November.
All talk since then has been of a 'recalibration of the existing tools'.
They always have to take the fun out of it.
Anyway, on the 30th of November Isabel Schnabel gave an interview to Bloomberg, which was also published on the ECB's website.
The full text is pretty enlightening, full of clues, but also quite long, so I've trimmed it down to the key snippets.
On the economic projections;
On the one hand,