Intra-Day Market Moving News and Views
27 Feb 2015 03:31GMT
EUR/USD - ...... Reuters news, Japan fund managers raise global stock weighting to 44.6% in February from 41.4% in January; trim global bond weighting to 51.% in February from 51.7% in January and raise euro zone stick weightings, cut Japan bond weighting in February.
Headline euro zone inflation has plunged to -0.6%, well under the ECB's target. A majority of forecasters -- 63 of 85 -- said it won't rebound by much even if global energy prices, which have dragged it down recently, start to rise.
The ECB's bond purchase programme, which includes sovereign debt, will run from March until September 2016 or until inflation shows signs of picking up pace.
The ECB is expected to expand its balance sheet by about 1.1 tln euros by the end of next year, matching its level of early 2012, when the euro zone debt crisis raged.
35 of 81 economists expect the ECB to close out its QE programme by September 2016, on its intended schedule. Forty said the central bank will need to extend it beyond that date, while the remaining 6 said the ECB will conclude bond purchases before then.
But economists are not convinced the programme will lead to a revival in lending to the real economy and fuel demand. The liquidity flush by the ECB back in 2012 did not materially improve loans to the private sector at that time either.
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