Here's the forecasts of 13 larger players courtesy of MNI
I've posted a couple of these previously last week but here's your at-a-glance guide to help put some ideas together ahead of Thursday's keenly awaited ECB meeting.
Majority of banks expect ECB to cut deposit rate by 10bps and increase QE
- Commerz: 20bp depo cut, increase QE by E20bln for 6-mths & poss tiered rate.
- Soc Gen: cut deposit rate by 20bp and extending QE.
- BNP: cut deposit rate by 20bp and increase QE substantially
- Nomura: cut deposit rate by 10bps, increase QE by E10bln & extend it by
3-mths, remove deposit rate threshold & announce 2 new TLTROs - Goldman: cut deposit rate by 10bp and QE by E10bln to E70bln.
- Citi: cut deposit rate by 10bp and increase QE by E15bln per month.
- CS: 10bp or more cut in depo rate, increase QE by E20bln and extend TLTROs
- LLoyds: 10bp cut in depo rate, rise QE by E10bln and extend it by 3-mths.
- Barclays: cut depo rate by 10bp and fine tune t/a aspects of
QE. ECB likely to remove PSPP floor & leave door open for 10bp cut in June - Rabobank: cut depo rate by 10bps, another 10bp in June, rise QE by E10-E20bln
- UBS: 10bp cut in depo rate & rise QE by E10bln, poss of a "tiered rates."
- BAML: 10bp cut in depo rate, increase QE by E10bln & extend by 6-mths, remove floor
- Mizuho: cut deposit rate by 10bp & increase QE by 30bln per month