ECB taper with a twist, Italian risks hover over EUR

Posted on December 9th, 2016

The ECB has effectively implemented a taper…although Draghi won’t call it that.  It softened the blow with a kind of policy twist including a modest fall in short-term rates.  The EUR resolved to the downside after the ECB meeting in what has become an increasingly volatile FX market response to these events.  However, we presume […]