Growth

ECB seen topping up QE once more with short taper in late 2018

Bloomberg survey predicts three-month winding down after September

bloomberg

09.12.2017

The European Central Bank will spend 2018 guiding its bond-buying program to a gentle halt as the euro zone benefits from the most-synchronized economic growth in two decades, according to a Bloomberg survey.

Policy makers, who have already agreed to halve monthly purchases to 30 billion euros starting next month, will taper them to zero in the final three months of the year, the poll of economists showed. Still, most respondents said that decision won’t be taken until June or July as President Mario Draghi and his colleagues fret about upsetting markets by signaling an exit from crisis measures too soon.