- The ECB is meeting on Sept. 9, but analysts think the central bank will wait a few more months before announcing what it will do about its Covid-related measures.
- In addition to having new forecasts on the table, Chiara Zangarelli, European economist at Nomura, said the ECB will also want to see what happens with the pandemic in the coming months.
- The economic situation in the euro zone is benefiting from high vaccination rates and an overall prudency to avoid lifting all Covid restrictions.
European Central Bank President Christine Lagarde during the live streaming of a press conference following the ECB's governing council meeting.Xinhua News Agency | Xinhua News Agency | Getty Images
LONDON — The European Central Bank will announce the reduction of its Covid-related stimulus in December, four analysts told CNBC amid an economic improvement in the euro zone.
In the United States, the Federal Reserve has already signaled it is likely to start tapering before the end of the year. Chairman Jerome Powell said last week that the U.S. economy is at a point where it does not need as much policy support as had been the case in the wake of the pandemic, though the pace at which asset purchases will be reduced is yet to be decided.
And in the euro zone, a similar announcement could be just around the corner.
"My guess is that they will probably do it in December," Gilles Moëc, group chief economist at AXA Investment Managers, told CNBC on Wednesday.
The ECB is meeting on Sept. 9, but analysts think the central bank will wait a few more months before announcing what it will do about its Covid-related measures.
"I think they want to give themselves some time and have new forecasts," Moëc said, before the ECB governing council takes a decision.