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ECB likely to announce six-month extension of QE programme next week
The credibility of QE policy and negative interest rates is being threatened, among other things by mounting concerns about the liquidity situation. 52 of 60 economists said the ECB will announce on Dec 8 an extension to its QE programme beyond the current plan of March 2017. Forty of 54 economists expect the ECB to maintain its pace of 80 billion euros a month pace beyond March 2017.

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