Asset Purchase Program Ends, Taxes Get Reduced

Forex News
Ifo institute's chief economist Timo Wollmershaeuser stated that only when ECB ends its asset purchase program, German government would be able to reduce taxes. Wollmershaeuser acknowledged the fact that the economy is progressing with an unbelievable speed and added that European Central Bank should take that into account while making any policy decisions and that the government should delay the tax cuts if the progress sustains. Ifo institute is expecting German economy to rise 2.6% in 2018 and 2.1% in the next year.