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Benoit Coeuré, Member of the Executive Board of the European Central Bank (ECB), during a media interview over the weekend, said that QE taper is an important first step towards policy normalization, although ample stimulus will remain needed to push inflation toward the central bank’s objective of below, but close to 2 percent.

Key points

  • Financial sectors should prepare for a possible no-l Brexit outcome.
  • Coeure is hoping that there would be an agreement to ensure an orderly Brexit.