Tag Archives: ECB bond scarcity

Macroview While we expect no concrete action at this week’s policy meeting, we believe extension of QE is coming and bond scarcity issues will be addressed. We do not expect any new action to be announced at the ECB’s policy meeting on Thursday, but we do expect that the ECB will reiterate that the size of its asset-purchase programme and its duration are exclusively a function of the inflation outlook. We also expect that the bank will hammer home the message that it has the flexibility to...

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