ECB said to prepare broad-based QE package for January meeting – BBG

Author: Adam Button | Category: Central Banks

This report from Bloomberg caused a quick drop in the euro:

European Central Bank Governing Council expects to consider proposal for broad-based asset program including sovereign debt next month, two euro-area central-bank  officials familiar with deliberations said.

So much for wait-and-see.

  • Package envisioned to include all kinds of bonds, no equities
  • No decision on implementation yet
  • Composition of package may be influenced by incoming data
  • Officials asked not to be identified

The part about implementation has sparked a bit of a retracement after a fall down to 1.2367.

ECB BBG headline

This is a bit misleading, it’s more about the staff preparing the option

But would they really prepare all those measures and not implement them?

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