EU Ends Quantitative Easing

Eurozone inflation finally surpassed the 2% threshold in October 2018 so it was clear EU QE would come to an end sooner rather than later. The 2.5 trillion euro bond purchasing program of the European Central Bank, which was started in 2015 to stimulate economic recovery, has finally done its job. Perhaps. The ECB deposit rate on excess reserves is still negative, and the ECB lending rate is still zero. What do we expect of Eurozone interest rates and the value of the Euro in the future? (Give key determinants of the Euro’s value.)