ECB (Barclays) : Our expectations for the ECB meeting on Thursday

Barclays shared its expectations for the ECB meeting this week.

«The ECB meeting for October, we expect President Draghi announced an extension of QE of up to 9 months at a rate lower than 30mds per month.

We do not expect that the ECB commits itself to a reduction to zero at the end of the extension of the program. We believe that the QE is expected to continue until at least the end of 2018.

We do not expect any change in the forward guidance for short-term, and we believe that the first rate hike will come in Q4 2018. «

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