Rabobank on today’s ECB meeting minutes:

The minutes may shed a bit more light on the Governing Council’s views with regard to the motivation and (precise) timing for the announcement of a downward adjustment in its asset purchase program. As far as the timing is concerned, arguments for both September and October can be made. September would be a logical choice because that meeting includes fresh staff projections, yet October buys the ECB more time and avoids a large time gap between the formal announcement and the details or modalities of the QE adjustment, which we expect to be announced in December.

17 Aug 2017 - 10:50- Fixed IncomeEconomic Commentary- Source: Rabobank

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