FW: [Maybank] Will ECB Disappoint?

 

 

GBL: Will ECB Disappoint? FX Weekly by Saktiandi Supaat FX Research Market expects some form of announcement on QE tapering this Thu. We see risk of ECB announcing plans to slow its asset purchases gradually (currently at a pace of EUR60bn per month) in Jan-2018. Our base case is for ECB to phase is slower purchase of EUR40bn for 6 months and subsequent reduction to EUR20bn for another 6 months. We still expect ECB to maintain a considerable degree of monetary accommodation (about EUR360bn for 2018 vs. EUR780bn for 2017) for inflation dynamics to become ... Saktiandi Supaat    (65) 6320 1379    saktiandi@maybank.com.sg Christopher Wong    (65) 6320 1347    wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.