Draghi Seen Going for Bond-Buying Limit in QE's Last Hurrah
- Governing Council scheduled to meet in Frankfurt Oct. 25-26
- Economists see about 270 billion euros in extra buying in 2018
StanChart Sees ECB QE Continuing Until Sept. 2018
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The European Central Bank will halve monthly bond purchases to 30 billion euros ($35 billion) next year, stretching out the program’s remaining capacity as it waits for inflation to pick up, a Bloomberg survey of economists shows.
Policy makers will keep buying for about nine months to take the program to just over 2.5 trillion euros, respondents said before the ECB’s Oct. 26 decision. That’s consistent with what some officials see as the limit in the market under current rules. President Mario Draghi is predicted to announce his first interest-rate increase in early 2019.