Probability of QE by the ECB in 2015 at 45% - Nomura

By FXstreet.com | August 25, 2014 AAA

FXStreet (Bali) - Nomura has revised up the probability of QE being undertaken by the ECB in 2015 to 45% (from 35%).



Key Quotes



"We also revise up the probability of QE being undertaken by the ECB in 2015 to 45% (from 35%), with March 2015 as the earliest time. We also increase the probability of QE taking place this year, to 30% from 25%."



"As we described in great detail in our special report on QE (see What would QE look like in the euro area?, 17 April 2014), we believe the programme most likely to be implemented by the ECB would be what we described as “Credit and Quantitative easing” (CQE)."



"This would include both public and private sector securities, with purchases totalling EUR500bn in the first 12-month programme."



"We believe that the next round of easing will unlikely change the economic trajectory of the euro area over the coming months and remain resolutely below consensus on both our growth and inflation projections for the region."



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD claws to 1.6100 ahead of Europe
    Forex News

    GBP/USD claws to 1.6100 ahead of Europe

  2. EUR/USD glued to 1.2755; triggers are wanted
    Forex News

    EUR/USD glued to 1.2755; triggers are wanted

  3. Asia recap: most majors are still sleeping in a ranges; JPY is weakening
    Forex News

    Asia recap: most majors are still sleeping in a ranges; JPY is weakening

  4. Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure
    Forex News

    Gold Struggling Below $1250, SPX 500 Trying to Retake 1900 Figure

  5. US Dollar Technical Analysis: Stalling at Channel Support
    Forex News

    US Dollar Technical Analysis: Stalling at Channel Support

Trading Center