Editor's letter - Supporting roles

Time for tapering?

At the time of writing this editor’s letter, the industry had started to react to the European Central Bank’s decision to start reducing its asset purchasing programme.

At the time of writing this editor's letter, the industry had started to react to the European Central Bank's decision to start reducing its asset purchasing programme. At the end of a two-day ECB meeting in Frankfurt last Thursday (9 Sept), the bank announced it would begin to taper its €1.9trn Pandemic Emergency Purchase Programme (PEPP), which it first introduced in March last year. The decision was made as a result of improving growth in the region following the continuation of a vaccine roll-out programme, and expectations for rising inflation. The Euro Stoxx 50 index started the...