The possibility of an ECB taper is going to be the hot topic at the meeting today
Anyone who was knocking around in 2013 will remember the market “taper tantrum” when the Fed hinted that they would start turning off the QE taps. As usual the market got itself in a bit of a tizzy several times trying to guess when and by how much the Fed would start winding down QE. Stocks threw a strop, EM & developed FX went potty and bond sellers went short and got their arses handed to them once again.