European Central Bank to stick with quantitative easing policy

The European Central Bank (ECB) will keep policy unchanged when it meets on Thursday, even as pressure builds on the central bank to do more, according to a majority of euro money market traders polled by international news agencies Reuters and Bloomberg.

The eurozone’s central bank may discuss technical adjustments to its asset purchase scheme but a decision could be deferred until December, sources familiar with the discussion told Reuters last week.

Eurozone inflation was just 0.4% in September on an annual basis, nowhere near the ECB’s 2% target ceiling, but 15 of 19 traders in yesterday’s Reuters poll said the ECB would keep policy unchanged on Thursday.