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ECB Seen Closer to Signaling End to QE as Hawks Gain Sway

  • More economists say QE end-date will be set by June meeting
  • Bloomberg survey finds guidance will start to change in March
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Charles Dumas Says the ECB Is in a Very Difficult Position

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Economists brought forward their estimate of when the European Central Bank will set an end-date for its bond-buying program, amid signs that more optimistic views on inflation might be gaining sway among policy makers.

While no action is expected at the Governing Council meeting on Jan. 25, almost half of respondents in a Bloomberg survey predicted the ECB will announce a definite end-date for asset purchases by June. Just 38 percent held that view in the previous survey last month. The first change in forward guidance is foreseen for March.