Go back to May 2013 and the “taper tantrum”. Flash forward to Fed Reserve’s announcement in December the same year of the start of taper. And then the eventual commencement of the taper in January this year.
The ECB and its partners will continue to monitor developments closely and to cooperate in foreign exchange markets as appropriate. Within the euro area, data are pointing to strong real GDP growth in the second quarter of 2000, confirming our previous positive expectations for this year and for 2001.