Great expectations: ECB set for QE showdown
Following weeks of speculation and press leaks, a decision on QE is nigh
The European Central Bank (ECB) is expected to launch a quantitative easing (QE) programme tomorrow that will see it commit to buying around €500 billion worth of sovereign bonds, but on such a sensitive issue, nothing is set in stone.
Over the past two weeks numerous details about the programme have surfaced in the press, informed by a combination of leaks and speculation. In addition to the size of the purchases, a common theme is the idea that central banks will be roped into buying at least
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