EU could have QE by next month

worldtraveller

EU QE to begin on the 9th March.

Summary:
• ECB to begin Public Sector Purchasing Programme (PSPP) worth €60bn-a-month on March 9

• Central bank will buy bonds from 2-30 year maturities on the secondary market. Greece will not be included in the purchases until at least July

• Purchases will be limited to bonds which do not yield less than 0.2pc (the equivalent of the ECB's deposit rate)

• ECB raises the emergency liquidity assistance ceiling for Greek banks by €500m

• Growth forecast raised to 1pc for 2015; inflation will be close to zero this year but get close to the 2pc target rate in 2017

The QE effect, courtesy of Credit Agricole (the orange bars represent the growth boost from the forthcoming stimulus:



Telegraph