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Chief economist update: ECB bids farewell to QE

The European Central Bank reneging on its forward guidance to end its asset purchase program would only confirm financial markets' concern over the increasing momentum of the region's economic slowdown.

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Read more: ECBAPPGDPEuropean Central BankBen BernankeCascadesDecember Governing CouncilFranceGermanyGulliverItalyQE