According to Carsten Brzeski, Chief Economist at ING, the ECB just took another important step towards a gentle end of QE as it just announced that it “anticipates” an extension of QE from September to December at 15bn euro per month, from currently 30bn, before ending the net purchases in December.
“At the same time, the ECB became a bit more vocal on forward guidance and sequencing by stating that it expects interest rates “to remain at their present levels at least through the summer of 2019”.”
“A clear sign that sequencing is longer than six months.”
“The hawks finally got their end-date for QE, while the doves still have their open door for more if needed.”
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.