ICYMI - Fitch said the ECB likely to quicken pace of quantitative tightening (QT) in July

Via Fitch (the ratings folks) on Tuesday:

• The ECB started reducing its balance sheet in March and is likely to pick up the pace of so-called quantitative tightening (QT) in July
• we expect the size of the balance sheet to decline for several years, with bond holdings shrinking at a gradual pace
• QT will complement the higher ECB’s policy rate and recover some of the diminishing policy space to use asset purchase programmes

There is more here (may be gated):

‘ECB Starts QT in a More Turbulent World’

QT bear