UBS' Arend Kapteyn on ECB

What is the ECB's anticipated timeline for initiating rate cuts?

• Starting in December with a 15 basis point cut

• Starting in August with a 5 basis point cut

• Starting in September with a 10 basis point cut

• Starting in July with a 20 basis point cut

What is the traditional assumption about when quantitative easing is used?

• During economic booms

• During recessions

• During periods of high inflation

• During periods of stable growth

How much could the ECB potentially buy before reaching issuer limits?

• Up to 600 billion

• Up to 400 billion

• Up to 1 trillion

• Up to 800 billion

What is a key consideration when deciding the scale of QE?

• The number of countries involved

• The type of currency used

• The timing and scale of bond purchases

• The color of the bonds

How does the ECB's communication affect market participants' views on QE?

• It increases resistance to QE

• It confuses market participants

• It decreases resistance to QE

• It has no effect on market views