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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (109977)	1/21/2015 11:01:28 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 217592

ECB Executive Board's QE Proposal Calls for Roughly EUR50 Billion in Bond Buys Per Month 21-Jan-2015 By Brian Blackstone FRANKFURT--A proposal from the European Central Bank's Frankfurt-based executive board calls for bond purchases of roughly EUR50 billion ($58 billion) per month that would last for a minimum of one year, according to people familiar with the matter. The ECB's executive board met Tuesday to decide on the proposal, which will form the basis of deliberations by the entire 25-member governing council on Thursday. The final number and details could change after the full board weighs in on the plan. Still, the executive board's proposal indicates that the ECB could move more aggressively than financial markets have expected. Forecasts among analysts have recently centered on a figure of around EUR500 billion or higher for a quantitative-easing program, but the executive board's proposal suggests that bond purchases could amount to at least EUR600 billion. An ECB spokesman declined to comment. Write to Brian Blackstone at brian.blackstone@wsj.com ECB: (corrects largest estimate to E1tln): MNI's..... 21-Jan-2015 ECB: (corrects largest estimate to E1tln): MNI's median estimate for ECB QE at Thursday's Governing Council is E625bln. The range of estimates is pretty wide, with lowest at E500bln and largest estimate at E1tln. The estimates of the time frame of the operation, allocation and risk-sharing also show variation, with RBS, Barclays and Jefferies saying it is open-ended. JPM expects QE to be spread out over a 12 month period, with the ECB open to do more if needed. Deutsche Bank, Goldman Sachs, UBS, SocGen and Credit Suisse expecting the bond buying to occur over two years.