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.