ECB strikes a dovish tone
Published on Friday, September 4, 2015
ECB strikes a dovish tone
Summary
The Staff revised downwards its projections for growth and inflation, driven by lower external demand. Moreover, renewed downside risks have emerged. The ECB takes advantage of the flexibility of the APP programme by increasing the initial issue share limit of 25% to 33%, and hints at further willingness to act. There was no discussion on expanding the APP
Topics
- Topic Tags
- Central Banks
- Financial Markets
Authors
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis
María Martínez
BBVA Research - Principal Economist
Miguel Jiménez
BBVA Research - Lead Economist
Agustín García
BBVA Research - Lead Economist