Economist Ducrozet Says ECB Could Still Surprise Markets

The transcript discusses a Bloomberg survey indicating economists' expectations for a reduction in QE to 30 billion for nine months. It highlights the ECB's clear communication and potential surprises in QE details. The discussion covers the possibility of a slower QE extension and the risks of setting an end date, given the current inflation and euro levels. The ECB is unlikely to make risky decisions that could affect the inflation outlook.

What is the current state of core inflation according to the speaker, and how does it relate to the ECB's target?

What implications could further appreciation of the euro have on the inflation outlook?