ICCIAUS Weekly Economic Update powered by Intesa Sanpaolo

12/03/2021 - In this week's economic update:

  • As expected, the ECB decided to play it safe, formally announcing that " the Governing Council expects purchases under the PEPP over the next quarter to be conducted at a significantly higher pace than during the first months of this year";  

  • Last month, weekly net purchases fluctuated between €12-17 billion, and could now move in the €20-25 billion range;>. 

  • Central staff forecasts have not been significantly revised. The projections for GDP have been revised to 4.0% for 2021 and 4.1% for 2022, 2.1% in 2023;>. 

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