Bloomberg reported yesterday afternoon that ECB sources say that it will use the ECB meeting next week to discuss the asset purchases and that the meeting could result in announcement on when to end the purchases, points out the research team at Danske Bank.
Key Quotes
“We remain sceptical that the ECB will change its communication on its asset purchase programme already, especially given the latest bout of weak indicators of euro area economic activity and wobbly market sentiment relating to the new government in Italy. We see a good chance that the ECB’s growth projections will be revised down while headline inflation will be revised slightly up on the back of higher oil prices.”
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