What to Expect From This Week's ECB Decision

The transcript discusses the potential extension of a financial program, aligning with market expectations. It explores the need to adjust QE parameters, such as buying bonds below the deposit rate and increasing the issue limit size. The discussion highlights the importance of making comprehensive changes to avoid frequent rule adjustments. The capital key is considered a red line, and the Bundesbank's role in filling gaps without deviating from it is emphasized. The transcript underscores the need for creativity within the program's parameters.

What is the significance of extending the program to September 2017?

What are the potential adjustments to the parameters of the Kiwi program mentioned in the text?

What are the two options discussed for the ECB regarding bond purchases?

How might the ECB's ability to buy bonds below the deposit rate impact the market?

Why is the capital key considered a red line for the ECB according to the text?