ECB unlikely to raise monthly QE spending next year: poll

Bangalore

THE European Central Bank is not expected to top up the 60 billion euros (S$92.4 billion) a month that it is currently spending on buying government bonds, according to a Reuters poll that also predicted steady growth but weak inflation in the coming year.

ECB policymakers, including president Mario Draghi, struck a dovish tone in speeches leading up to its Dec 3 policy meeting, ramping up expectations for more aggressive monthly purchases, as well as a bigger cut in the deposit rate than it delivered.