ECB to hold fire this week, taper QE in September - Bloomberg survey

The latest Bloomberg survey says, the economists expect the European Central Bank (ECB) to hold fire this week and wait until September before slowing the pace of its monthly bond purchase program.

Key points

Economists are split on whether the official would drop a pledge to boost QE if needed

The governing council is likely to discuss the room available to pare back the stimulus

ECB on track to unwind stimulus next year, but at a glacial pace

Taper is seen starting in January and is expected to take nine months as compared to previous expectations of seven months

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