ECB: even if they do... - Rabobank

Analysts at Rabobank noted that we have long argued that unconventional monetary policy is self-defeating.

Key Quotes:

"Our view is that efforts to boost demand via asset price inflation in actual fact make a recovery less likely, though this does not mean the ECB will refrain from adding additional stimulus when it meets this week.

Though the list of new SSA names that could be added to the Public Sector Purchase Programme (PSPP) is running thin, recent work we have done has highlighted just where the ECB may look should it seek to expand QE."