Poll sees 75% chance of ECB asset purchases by March

A Reuters poll sees 75% of respondents saying the ECB will launch a QE program by March.

The poll was taken yesterday and today but that number seems awfully low. To me, ABS purchases are virtually a done deal.

What’s important is the shifting sentiment, a pol done two weeks ago showed only a 33% chance of any kind of QE by the end of 2015.

The problem is that QE might be small, by necessity. The size of the asset-backed securities market in the euro zone is about 100 billion euros so the ECB will need to incentivize banks and funds into issuance and securitization.