Back
5 Jan 2015
ECB QE announcement likely in January - Nomura
FXStreet (Bali) - Nomura's view is that the much anticipated ECB full-blown sovereign QE announcement is likely in January.
Key Quotes
"As the January ECB meeting approaches, expectations for sovereign bond purchases may increase further. Our survey from mid-December showed that the majority of investors expected QE only by March or later."
"Our own view is that the announcement is likely in January and we could see expectations shift meaningfully in coming weeks (ahead of the event), putting downside pressure on the euro."
Key Quotes
"As the January ECB meeting approaches, expectations for sovereign bond purchases may increase further. Our survey from mid-December showed that the majority of investors expected QE only by March or later."
"Our own view is that the announcement is likely in January and we could see expectations shift meaningfully in coming weeks (ahead of the event), putting downside pressure on the euro."