ECB to keep policy steady in October; extend, tweak QE in December - Reuters poll

ECB to keep policy steady in October; extend, tweak QE in December - Reuters poll
 

A stable but lacklustre economic outlook will push the European Central Bank to tweak its asset purchase programme and announce an extension by year-end, although economists polled by Reuters said a move was unlikely next week.
The ECB has spent over a trillion euros buying government bonds, cut its refinancing rate to zero and adopted a negative deposit rate, besides giving billions of euros in essentially free loans to commercial banks to lend on to customers.
But inflation, which the ECB targets at close to but just below 2 percent, has often dipped below zero in the past couple of years... read more

 
13 October 2016 in Business, Views: 34
Source: Reuters
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