We Expect QE From ECB in 1Q of 2015: StanChart

The transcript discusses the European Central Bank's (ECB) unanimous decision on quantitative easing (QE) and the target to move the balance sheet back to March 2012 levels, aiming for €3 trillion. It explores the timing of QE implementation, with expectations for sovereign bond buying in the first quarter of next year. The discussion highlights the insufficiency of current measures to impact inflation and growth significantly. The transcript also considers market reactions and upcoming data, suggesting potential ECB action if inflation and survey data deteriorate.

What was the main topic discussed regarding the ECB's statement?

What divisions were noted within the ECB Council?

What is the target balance sheet level that the ECB aims to achieve?

What expectations were set regarding quantitative easing in the first quarter of next year?

What indicators might lead the ECB to act next month?