>> GROUP: Shadow ECB Council / EZB-Schattenrat  Jan Mallien

Jan Mallien: The members of the Shadow ECB Council will discuss the following topic at their next conference tomorrow afternoon:

Is it time for the ECB to exit from its ultra-loose monetary policy? How should it conduct the exit? Should it change its forward guidance and raise rates before the end of QE?

The members of the Shadow ECB Council will post their pre-meeting statements in the TEEC-Forum "Shadow ECB Council / EZB-Schattenrat". All TEEC members are invited to contribute to the discussion by personal comments in this forum. To post your comment please click on the link beneath the headline.

+++ Background: The Shadow ECB Council was founded in 2002 upon an initiative of Handelsblatt, the German business and financial daily. It is an unofficial panel, independent of the ECB/Eurosystem, and comprising prominent European economists drawn from academia, financial institutions, consultancies, companies and research institutes. The Shadow Council usually convenes by telephone conference on a quarterly basis. Its discussions take place before the official ECB Governing Council "policy" meetings. +++
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