Francesco Papadia: ECB to Slow QE Pace in 2018

The transcript discusses the European Central Bank's (ECB) strategies to address bond scarcity and maintain market confidence through substantial easing. It highlights the ECB's inflation targets, potential risks, and alternative measures like intervening in inflation derivatives and extending purchasing programs. The discussion also covers the impact on banks and the yield curve, emphasizing the ECB's focus on economic health over bank profits. Finally, it touches on tapering expectations and the ECB's future plans, noting the Bundesbank's acceptance of current measures as necessary.

What concerns were raised about the measures adopted by the ECB?

What is the significance of the targeted long-term refinancing operation mentioned?