ECB’s Knot sends strong hint QE around the corner

FXStreet (Bali) - ECB’s Knot spoke to Spiegel Magazine late on Friday, noting that ECB QE is coming, with the ECB planning to see national central banks buying their own debt.

Key headlines

ECB plans see national central banks buying their own debt

Draghi presented QE plan to Merkel and Schaeuble

In favor of putting national central banks in charge of QE

Fiscal transfer risk lower if national central banks buy

ECB must avoid decisions reserved for elected officials

ECB to set 20-25% purchase limit for countries’ debt

QE plan won’t include Greek bonds due to rating