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Market Reactions To ECB Monetary Policy Decision

Market commentaters have been offering their views after the ECB's Monetary Policy meeting today. Timothy Graf, head of macro strategy for EMEA at State Street Global Markets, said: “No alarms and not too many surprises other than quite dovish forward guidance on rates from the ECB. Going into the meeting, markets were expecting some hint that their quantitative easing (QE) programme would start to wind down at some stage this year – we now have confirmation that quantitative easing (QE) will end in December. Looking ahead, the ECB does not have an easy task in setting policy for the medium- to long-term....