21 Jan 2015
ECB's QE points to €50bn/month in bond purchases
FXStreet (Córdoba) - The European Central Bank is considering a €50 billion per month bond buying program that could last at least 1 year, according to media reports.
Citing sources familiar with the matter, reports echoed a story about a proposal from ECB executive board to buy €50 billion a month of sovereign bonds starting in March. The plan still faces a tense resistance in the Governing Council and may change significantly before the final decision.
The ECB board will decide on monetary policy on Thursday. Market consensus have been growing around a full-blown QE program of between €500 billion - €1 trillion.
Citing sources familiar with the matter, reports echoed a story about a proposal from ECB executive board to buy €50 billion a month of sovereign bonds starting in March. The plan still faces a tense resistance in the Governing Council and may change significantly before the final decision.
The ECB board will decide on monetary policy on Thursday. Market consensus have been growing around a full-blown QE program of between €500 billion - €1 trillion.