ECB Preview: Most banks expect extension of QE programme

  • Most banks see the ECB extending its QE programme by at least 6 months, but no further rate cut
  • Citibank is the exception, as the US bank expects a 10bps rate cut
  • JP Morgan is the only major bank that expects no further action by the ECB
  • Announcement will be released today at 1145 GMT
  • The press conference will start at 1330 GMT

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