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Analysts at TD Securities point out that ECB minutes from the Governing Council’s June meeting are released today, and are expected to reveal further details behind the decision to taper QE later this year.

Key Quotes

“In particular, we’ll be looking for further clarity on the anticipated timing of their first rate hike in 2019, as we discussed in a piece Wednesday that the German and French translations of June’s policy statement suggest that a hike could come within summer 2019 rather than after, as the English version suggests.”