QOTD: Dovish Taper

The ECB just announced a reduction in its monthly QE purchases but an extension in the amount of months, from Jan 2018 as was previously scheduled all the way out to September 2018. Here’s my pal Peter Boockvar to explain:

The ECB is saying that they will cut in half their QE purchases in 2018 to 30b euros per month thru September. He couched it in dovishness by saying they can always increase it if needed and that NIRP will remain in place “well past” the end of QE. They will also reinvest maturing securities just as the Fed did with their balance sheet and this will be “for an extended period of time.” Keep in mind though, if the ECB is actually successful in generating inflation closer to 2% (they are at 1.5%) sooner rather than later, this could change again.

Bottom line, this is pretty much exactly as has been telegraphed.

Source:

Peter Boockvar
Managing Director, Chief Market Analyst
The Lindsey Group LLC

What's been said:

Discussions found on the web
  1. bk replica watches commented on Sep 18

    … [Trackback]

    […] Here you will find 47548 more Information to that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  2. Immediate Edge Review commented on Sep 22

    … [Trackback]

    […] Find More Info here to that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  3. bitcoin era commented on Oct 01

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  4. https://www.sonsofheaven.com commented on Oct 09

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  5. td canada easyweb commented on Dec 08

    … [Trackback]

    […] Read More Information here on that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  6. DevOps commented on Dec 09

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  7. small consulting firms in nyc commented on Dec 30

    … [Trackback]

    […] Find More Info here on that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]

  8. Smeg SR34SGH3 manuals commented on Jan 23

    … [Trackback]

    […] There you will find 77019 more Information on that Topic: thereformedbroker.com/2017/10/26/qotd-dovish-taper/ […]