A survey conducted by Bloomberg revealed that over 80% of the economists asked believed ECB President Mario Draghi would extend the quantitative easing (QE) policy beyond the scheduled deadline of March 2017.
With the Eurozone inflation remaining close to zero percent (0.2), and the ominous the dark shadow of the impact of Brexit on the Eurozone, half of the analysts polled believe that Draghi will announce the decision for more quantitate easing above the 1.7 trillion Euros at the September 8 ECB meeting.
‘Conditions for terminating the QE program are not expected to have matured by next March’, Frankfurt based economist of DekaBank, Kristian Toedtmann, said.
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