Reuters reports a monetary source as saying the ECB will not reveal the size of its bond purchases as they could help speculators.
The ECB has discussed how to sterilize purchases but has no commitment that it will sterilize the purchases fully. (Any purchases not sterilized would equate to ‘printing money’.
The ECB may revise up its growth forecasts given global strength and it sees no reason to change its “balanced” view of euro zone inflation risks, the source says.
We had been lead to believe that all the bond market purchases would be sterlized, so there may be some news here…
EUR/USD trades at 1.2705.