ECB likely to extend QE despite stronger growth, analysts say
Central bank expected to prolong programme by six months at reduced monthly rate of €30 billion
The governing council of the European Central Bank (ECB) is widely expected to extend its asset purchase programme on October 26, albeit at a reduced rate. While growth is stronger in the eurozone, inflation remains below target, so policymakers are likely to agree the continuation of stimulus is necessary, analysts say.
“I clearly think the majority in the governing council still think that substantial monetary accommodation is still needed,” says Holger Sandte, chief European analyst at
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