The European Central Bank will be able to gauge in the first quarter of next year whether it needs to start buying sovereign bonds to stimulate the euro zone economy, announced ECB Vice President Vitor Constancio this morning. The new comments are the clearest indication yet to the exact timing of future QE. The ECB has already begun buying covered bonds and ABSs, aiming to increase the size of its balance sheet to levels seen in early 2012 - around €1T higher than its level today.
Looks like QE all over again! You know what that did for the markets here in the U.S. It should be good for the European markets as well.
Post a Comment