Expectations of ECB announcing QE tapering in October

15 Sep 2017 11:29 AM

Reuters published the latest opinion polls on the ECB and 50 out of 52 economists expected that ECB to announce QE tapering at the October 26 meeting, while 2 indicated that the bank would make the move in December.

Some believe that the ECB may extend the duration of the asset purchase program for an additional six months but reduce monthly purchases to 40 billion euros. Euro zone GDP is expected to grow by 0.5% in the third quarter of 2017 and by 0.4% in the fourth quarter of the same year.

Also, the average inflation for the euro zone is expected to reach 1.5% in 2017 and 1.4% in 2018.

The EURUSD has been trading some quiet since the beginning of trading today as it was trading between 1.19 - 1.1930.

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