ECB to remain on hold, but QE set to expand - TDS

FXStreet (Delhi) – Prashant Newnaha, Rates Strategist at TD Securities, expect the ECB to remain on hold but is likely to expand its QE.

Key Quotes

“We do expect expanded and extended QE (to €80bn/month until Dec 2016 or potentially simply moving to QE infinity) and possibly a rate cut to be announced by the end of the year, so there’s a risk of jawboning by Draghi at the press conference to help prepare markets for this.”