Economists Poll Says One in Three Chance of ECB To Start QE

* Less than one-in-three chance ECB starts quantitative easing

* Economists who gave greater than 50 pct chance said ECB would start QE in next few months

* 54 of 57 economists said euro zone inflation has troughed

There is slightly less than a one-in-three chance the European Central Bank will start buying bonds outright as it struggles to lift dangerously low inflation and support a lacklustre economic recovery, a Reuters poll found.

The poll of 59 economists, taken this week, gave a median 30 percent chance the ECB would start a quantitative easing programme, about half a decade after the U.S. Federal Reserve and the Bank of England launched the same kind of stimulus.

That is above the median 18 percent chance given in a Reuters poll in January but less than the 40 percent likelihood money market traders saw in poll taken on Monday.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza