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‘End of an era’ as ECB’s emergency pandemic stimulus unwinds

Nearly €3tn of excess liquidity will have drained from financial system by 2027, according to ECB estimates

1 report1 sourceApr 2, 2026, 9:30 AM
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Financial TimesApr 2, 2026, 9:30 AM

‘End of an era’ as ECB’s emergency pandemic stimulus unwinds

Nearly €3tn of excess liquidity will have drained from financial system by 2027, according to ECB estimates

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