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- ECB minutes: debated smaller QE cut and shorter duration vs bigger reduction with longer duration
ECB minutes: debated smaller QE cut and shorter duration vs bigger reduction with longer duration
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Discussed trade off between size and duration of QE extension
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QE extension talk preliminary
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Praet called for "close monitoring" of the exchange rate
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View was put forth that intensity of accommodation could be scaled back
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Policy should be highly accommodative under all scenarios
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Attention should be paid to market expectations and risk of unwarranted market movements
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Some argued that FX impact was underestimated in projections, creating downside risk
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