###(1/3)Majority of analysts see ECB.......>

ECB VIEW: ###(1/3)Majority of analysts see ECB extending QE by 9-months at

E30bln p/m on Thursday, while 3 expect a 12-month and 3 a 6-month extension:

* Pictet Asset Management expects 9-month extension of QE at E30bn p/m along

with some changes to QE composition and reinvestment policy".

* RBC: Look for a reduction of at least E30bln in net terms with duration

remaining opened ended but with at least a 9-month end date. Forward Guidance

should be strengthened and re-iterated.

* Soc Gen: 9-month extensions at E25bln p/m, possibly buy debt with longer

maturities. Keep door open to more QE thereafter if needed, maintain rate hikes

for March and June 2019 to put an end to the negative deposit rate.

* Barclays: Expect 9-month extension at E30bln p/m, but do not rule out 12-month

at E20-25bln. Believe forward guidance will be left unchanged for now but

amended in Q2 2018 to allow first depo rate hike before end of 2018.

* ING: Expect 12-mth QE extension at E25bln p/m & Draghi to emphasise sequencing

-- rates to remain low beyond end of QE, help anchor interest rate expectations.