-
What To Expect From ECB? - Views From 15 Major Banks
The following are the expectations for today's October ECB meeting as provided by the economists at 15 major banks. Goldman: We expect rates on hold (Main Refinancing Rate on hold at 0.05%, in line with consensus). The ECB will publish technical documents on how it intends to proceed on the ABC program. Our European Economics team (i) does not expect a total size for the ABS and covered bond programs to be announced, (ii) and thinks that, while covered bond purchases will likely start from October, ABS purchases could be delayed as further preparatory work still needs to be completed. Morgan Stanley: The market will ... (full story)