Expectations for the size of the monthly bond-purchase program the ECB could announce this week have been eroding
A month ago, investors were betting the European Central Bank would make a splash. Now they’re not so sure.
Economists broadly expect the ECB on Thursday to reduce its key deposit rate by at least 10 basis points, or a 10th of a percentage point, from the current level of minus 0.4%. But expectations for the size of the monthly bond-purchase program that might also be announced have been eroding, a move that has helped keep once free-falling bond yields in place this month.
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