Economics
ECB Seen Readying the Pumps for Return to Massive Bond Buying
- Growing number of analysts see QE restarting in quarters ahead
- ECB markets head Coeure says move is ‘hypothetically’ possible
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Financial firms including Goldman Sachs Group Inc. and Morgan Stanley are predicting that the European Central Bank’s flagship crisis-fighting tool will soon make a comeback.
Policy makers could relaunch bond purchases as soon as September -- barely nine months after they capped the program at 2.6 trillion euros ($3 trillion), according to Evercore ISI’s Krishna Guha. Other institutions calling for the ECB to restart purchases by early next year include ABN Amro Bank NV, Danske Bank A/S, and BNP Paribas SA.