ECB: Do not expect changes to QE in 2017 - BNPP
|With the risk of deflation having significantly diminished, the ECB is set to go ahead with a reduced pace of asset purchases until December 2017 expects research team at BNP Paribas.
Key Quotes
“Until a sustained rise in underlying inflation is observed – something we believe is unlikely until H2 2017, the earliest – the ECB will maintain its sustained presence in the markets. It preserves a high degree of flexibility with an asymmetric reaction function, given the subdued, underlying inflation and only moderate growth. Against this backdrop, we do not expect any changes to the QE programme over the course of 2017, with the programme eventually coming to an end in 2018.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.