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Pictet WM expects ECB to terminate QE programme by the end of 2018

Despite a “slow and bumpy” rise in core inflation in Europe, Pictet Wealth Management expects the ECB’s asset purchases to be scaled down to EUR40 billion in the first half of 2018 before the central bank pulls the plug on its quantitative easing (QE) programme in the second half of 2018. “We would expect a broad commitment to extend QE…

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