21 Jan 2015
ECB unlikely to begin bond purchases in the current month – FXStreet
FXStreet (Barcelona) - FXStreet Editor and Analyst, Omkar Godbole, ECB is likely to announce a QE program but delay the actual implementation of its bond purchase programme till March or even Q2 2015.
Key Quotes
“The European Central Bank is widely expected to announce a sovereign QE program this week, and begin purchasing right off-the bat.“
“The inflationary effects of a sharp fall in the EUR across the board are likely to set-in during coming months. Thus, the ECB can postpone the QE till March 2015.”
“The immediate action from the ECB shall invoke more aggressive measures from other European nations and thereby render the QE program ineffective.”
“The immediate action also risks sending benchmark yields into negative territory in the Eurozone.”
“Thus,the ECB is likely to announce a conditional QE program, and delay the actual implementation to March or to Q2 2015.”
Key Quotes
“The European Central Bank is widely expected to announce a sovereign QE program this week, and begin purchasing right off-the bat.“
“The inflationary effects of a sharp fall in the EUR across the board are likely to set-in during coming months. Thus, the ECB can postpone the QE till March 2015.”
“The immediate action from the ECB shall invoke more aggressive measures from other European nations and thereby render the QE program ineffective.”
“The immediate action also risks sending benchmark yields into negative territory in the Eurozone.”
“Thus,the ECB is likely to announce a conditional QE program, and delay the actual implementation to March or to Q2 2015.”