ECB meeting this week - preview

The European Central Bank meet this week - this via Barclays is a very brief what to expect:

• At the October ECB meeting, we expect President Draghi to announce a nine-month extension of the APP at a lower pace of EUR30bn per month
• We do not expect the ECB to commit to tapering towards zero at the end of the extended programme,
• we think QE will continue at least until the end of 2018
• We expect no change in the forward guidance in the near term
• We think the first depo rate hike will occur in 18 Q4

(bolding mine)

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European Central Bank meet October 26