Global Weekly: Balancing tapering with growth

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The European Central Bank was in focus this week, as the market looked for signals regarding its next steps.

In a press conference following a meeting of the ECB on Thursday, President Mario Draghi indicated that the central bank is trying to achieve an exit from its accommodative monetary policy, without triggering a tantrum in financial markets. Such a tantrum could lead to a sharp tightening of financial conditions and weaken the outlook for economic growth and inflation. 
 
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