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