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Pictet: ECB in the NIRP escape room

Pictet: ECB’s exit strategy like being in an ‘escape room’ Expectations that the European Central Bank (ECB) will raise its deposit rate before ending quantitative easing (QE) are growing, says Pictet Wealth Management, which likens the central bank’s potential exit strategy to an “escape room”, wherein success is contingent not only on actions but the order of them. “The ECB’s…

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