According to the economists surveyed by Bloomberg, the European Central Bank (ECB) is expected to maintain the current pace of the bond-buying programme while upgrading the outlook for growth and inflation.
Key takeaways
“Most economists expect them to lock in the current pace for another three months. “
“The key phrase to look out for is whether the ECB expects to buy debt under its Pandemic Emergency Purchase Programme at a “significantly higher pace than during the first months of the year.”
“Most economists say they no longer expect a significant reduction in the coming quarter after policymakers including Lagarde rebuffed the notion that the economy could cope.”
“Expect both growth and inflation forecasts to be revised upward.”
“Economists predict the pandemic purchase program will end in March 2022 as scheduled. After that, many think an older asset-purchase program will be ramped up.”
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