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ECB's full-blown QE faces new obstacle - Deutsche Bank

FXStreet (Łódź) - Jim Reid, Head of Global Fundamental Credit Strategy at Deutsche Bank, comments on yesterday's reports of a division forming in the ECB Governing Council.

Key quotes

"The (Reuters) article mentions that a number of ECB governing council members were angered back in September when Draghi effectively set a target for increasing the ECBs balance sheet in the press conference after the governing council explicitly agreed not to make any figure public."

"It also discusses that 7 and possibly as many as 10 of the 24 council members are against government bond QE."

"This probably highlights concerns that the ECB may remain behind the curve when it comes to monetary policy action as our economists highlighted in their ECB preview in the latest Focus Europe."

"The hurdle for the ECB to move to full-blown QE appears to be high."

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