All you doubters out there who think the ECB will never take the road to hell that the Fed and BOE have already embarked upon, get a load of this comment from ECB Vice President Papademos. He says it may be warranted that the central bank purchases private sector bonds to enhance liquidity, He is quick to point out that no such decision has been taken.
As we’ve said before, it is not a question of if but when the ECB will join the QE parade(though they will put their own spin on it).
EUR/USD trades quietly at 1.3580.
