It is probable that the European Central Bank is going to report alteration to its asset purchases program in the first month of autumn rather than postpone it till October, as Reuters poll shows.
The ECB kept its ultra-easy policy without changes last month and pointed out that it hadn’t had any debates on its asset purchases constituting 60 billion per month, though showed signs it would happen the following season.
The conducted survey found that the majority of polled economists, that is 28 out of 50, believed the central bank would announce its decision in September, 15 experts expected it would take till October, and many of the remaining figured it would be the beginning of 2018.
Words of Elwin De Groot of Robobank were that the ECB has appointed autumn as the right time to make a decision on the asset purchase program. He also said that it meant September or it could be October that the general intentions beyond this year to be set, and December would be left for elaborating.
ECB officials find October as the most probable time for the decision on its QE program and December as overdue, so it comes from 4 sources with firsthand knowledge of the debates, made public soon after the last month’s meeting.