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CECABANK REPORT 2018
OUR BUSINESS MODEL
The monetary policy has continued to be the focus of attention and the
markets have been very attentive to the Central Banks’ statements on the
pace in which the monetary normalisation is being carried out. While the
Fed rises the interest rates for the seventh time in December, taking them
to 2.25-2.50%, the ECB announced at the end of the year the end of its asset
purchasing programme initiated in 2015. Despite this, both bodies have been
cautious about future increases in interest rates in the short term.
4 | 4.1