EUR: ECB chief hints at end of QE policy – ING

President Draghi's more hawkish inclinations have set tongues wagging, with markets now seeing the end of the ECB's QE policy as a matter of when, not if, suggests the research team at ING.

Key quotes

“But investors should not get carried away; the implicit reference to removing accommodation in line with changes in the neutral rate suggests a very slow normalisation process. EUR/$ beyond 1.14-1.15 could be seen as an overshoot.”