ECB to announce QE scale back in Oct; wind up program by end-2018: RTRS poll
|According to a majority of economists in a Reuters poll, the European Central Bank (ECB) is likely to announce a reduction of its monthly asset purchases in October, a step towards a complete unwind of its QE program by the end of next year.
Key Findings of the survey:
"Nearly three-fourths of 66 economists in a Reuters poll taken Aug 28-31 expect the central bank to announce a change in October. Just three weeks ago, slightly over half of economists polled had said such an announcement would come in September.
But in the latest poll, only 15 respondents expected it at the Sept 7 policy-setting meeting. The remaining five economists said the central bank will wait until December.
The central bank would extend it but would reduce monthly purchases from the current 60 billion euros. Most said they would be reduced to 40 billion euros a month to start.
Fifty-eight of 63 economists who answered an extra question said the ECB is likely to completely end its QE program by the end of next year, including 10 respondents who expect it to end by June.
The remaining five said it won’t end until 2019."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.