UPDATE: ECB Said to Build Tapering Consensus as QE Decision Time Nears - Bloomberg

October 4, 2016 11:41 AM EDT

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(Updated - October 4, 2016 11:44 AM EDT)

Informal consensus among ECB policy makers is that QE will need to be wound down gradually when decision is taken to end the program, according to Bloomberg sources. One scenario is to taper QE in steps of EU10B/month.

Decision on when to start tapering depends on economic outlook, and program could still be extended beyond current end-date of March 2017 at full pace of EU80B/month.

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