Economists expecting quantitative easing by ECB this week: survey
Frankfurt
MARIO Draghi is likely to announce a 550 billion-euro (S$850 billion) bond-purchase programme this week and won't skimp too much on the details, economists say.
The European Central Bank president will make his biggest push yet to steer the euro area away from deflation by announcing quantitative easing on Jan 22, according to 93 per cent of respondents in a Bloomberg News survey. The median estimate of the size of the package tops the 500 billion euros in models presented to officials this month.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up
Thaksin’s daughter calls central bank independence an ‘obstacle’