Survey: Around 70% expect ECB sovereign QE in January- SocGen
20 January 2015, 07:38
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This survey with a sample of 176 was conducted over the past few days with a fairly even composition of clients."
"Our survey found that almost 70% of investors expect ECB Sovereign QE in January. A smaller group expects it later or additional waves of Sovereign QE. Only a small minority does not believe in Sovereign QE. The bulk of the market expects a program of 500bn but the distribution is quite right skewed with another peak at 1000bn. A significant minority expects the ECB to cut its main refinancing rate in January or in the following months."
"Our survey found that almost 70% of investors expect ECB Sovereign QE in January. A smaller group expects it later or additional waves of Sovereign QE. Only a small minority does not believe in Sovereign QE. The bulk of the market expects a program of 500bn but the distribution is quite right skewed with another peak at 1000bn. A significant minority expects the ECB to cut its main refinancing rate in January or in the following months."
