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With
the euro weakening on expectations the U.S. Federal Reserve will
hike rates in December, 18 of 21 respondents said the ECB would
not cut the deposit rate to try to boost inflation, something
its President Mario Draghi said it was prepared to do.
"I expect the euro dollar to continue to weaken on the back of a
hawkish Federal Reserve," said a trader at a big bank. "I do
think that they (ECB) might do something on the quantitative
easing side."
Since March, the ECB has injected 60 billion euros a month of
new money through a bond-buying scheme to support growth and
inflation, and a Reuters poll late last month found it was
almost certain to increase or extend the program in December.
Monday's poll also found the ECB is expected to lend banks 60.0
billion euros at its weekly refinancing operation, slightly less
than the 61.468 billion euros maturing from last week.
ECB WEBSITE <http://www.ecb.int>
(Reporting By Krishna Eluri, Polling by Deepti Govindl; editing
by John Stonestreet)
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