Saywell: Bank Concerns Could Prompt ECB QE Extension

The transcript discusses the differences between the European Union and United States banking systems, focusing on structural changes and the broader banking system in the eurozone. It highlights concerns at the European Central Bank (ECB) and the potential for further easing measures at the upcoming December meeting. The discussion includes the possibility of extending Quantitative Easing (QE) and making technical changes to allow bond purchases below the deposit rate, which is necessary to continue QE without running out of bonds to buy.

What factors could lead to further easing from the ECB?

What concerns are raised regarding the banking sector?

How long is the extension of QE expected to last?

What changes are suggested to allow the ECB to buy bonds below the deposit rate?

What is the current deposit rate mentioned in the text?