ECB Anticipated To Extend Elevated Pace of Bond-Buying

28.05.2021 - Evdokimov Roman
ECB Anticipated To Extend Elevated Pace of Bond-Buying

Economists and investors highly expect the European Central Bank to keep its emergency bond-buying current level despite a zooming economic recovery underway.

HSBC Holdings Plc, UBS Group AG, and ABN Amro Bank NV are among the financial institutions that expect the Governing Council to extend its current stimulus settings on June 10. Economists surveyed before the previous meeting said purchases would probably be scaled back next quarter.

An ultra-loose policy is seen amongst economists as more hawkish colleagues are not saying anything about the matter.

German 10-year yields have dropped 10 basis points since soaring to a two-year high last week, suggesting the prospects for a slowdown in the ECB’s program have been pared.

Purchases during this pandemic peaked in March when the U.S. economic recovery was fueling a global rise in borrowing costs while the euro zone was in a double-dip recession. Buying is now averaging close to 20 billion euros a week versus 14 billion euros a week at the start of the year.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?