The ECB "not currently considering" bond buys is far from a denial via ForexLive

Bloomberg spoke with two eurozone central bank officials familiar with discussions and they repeated an earlier denial that the ECB isn't “currently” considering corporate bond buying.

The soft denials almost confirm that it's an option that's on the table for December or early in the year. The ECB is desperately hoping that next week's stress tests/AQR along with the Dec TLTRO will help turn lending and sentiment but they're likely losing faith.

The euro has finally found a near-term bottom ahead of bids at 1.2715 but the picture is beginning to dim.

“Whatever it takes” to keep politicians from making tough decisions

posted via ForexLive