Mario Draghi, the President of the European Central Bank (ECB) does not use the term of tapering when he refers to adjustments to the central banks €60 billion per month quantitative easing program in the form of bond purchases. The consensus for today’s ECB meeting was that the deposit rate facility will remain unchanged at -0.40%, the central bank rate to remain unchanged at 0.00% and that the marginal lending facility will remain unchanged at 0.25%.