All eye Thu ECB meeting; majority of.......>

ECB VIEW: All eye Thu ECB meeting; majority of analysts see ECB extending QE by

9-months at E30bln/month while some expect a 12-mo and some a 6-mo extension: 

* Goldman: Maintain our dovish view, expect ECB to announce 12-month tapering

worth a cumulative E360bln, possibly tapering in a linear way, but more likely

via a reduced monthly rate of E30bln, QE cease by end-2018.

* Pictet Asset Mgmt: expects 9-mo extension of QE at E30bn/mo with some changes

to QE composition and reinvestment policy. 

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

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

should be strengthened and re-iterated. 

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

maturities. Keep door open to more QE thereafter if needed; keep rate hikes for

Mar, Jun 2019 to put an end to negative deposit rate. 

* Barclays: Expect 9-mo extensn at E30bln/mo, don't rule out 12-mo at E20-25B.

Believe frwrd guidance left unchanged now, amended Q2 2018: 1st depo rate hike

before end-2018.