22 Jan 2015
ECB’S QE points to €750 billion – Danske Bank
FXStreet (Edinburgh) - Lars Christensen, Chief Analyst at Danske Bank, assessed the potential size of the upcoming ECB’s quantitative easing programme.
Key Quotes
“We expect the ECB to announce government bond purchases of EUR750bn today”.
“This would be slightly positive for the market, where consensus for purchases seems to be building somewhere around EUR500-600bn”.
“While the aggregate headline figure is the focal point for the market, the pace is more important in our view, as the aggregate size and composition are likely to be altered along the way”.
Key Quotes
“We expect the ECB to announce government bond purchases of EUR750bn today”.
“This would be slightly positive for the market, where consensus for purchases seems to be building somewhere around EUR500-600bn”.
“While the aggregate headline figure is the focal point for the market, the pace is more important in our view, as the aggregate size and composition are likely to be altered along the way”.