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    Published on Friday, May 8, 2015 | Updated on Thursday, May 14, 2015

    Monitoring ECB balance sheet expansion

    Summary

    The ECB's asset purchase programme is running according to the target set of EUR60bn a month. The initial impact on the financial markets has been larger than expected. The forcefulness with which the programme was launched, as well as the resolute commitment which the ECB has subsequently reiterated, are key to achieving the desired effects.

    Geographies

    Authors

    Sonsoles Castillo BBVA Research - Chief Economist for Financial and Economic Analysis
    María Martínez BBVA Research - Principal Economist
    Cristina Varela BBVA Research - Principal Economist
    Alejandro Neut BBVA Research - Lead Economist
    Irene Roibas Millan
    Elena Vozmediano
    Miguel Jiménez BBVA Research - Lead Economist
    Agustín García BBVA Research - Lead Economist

    Documents and files

    Report (PDF)

    EN_Medidas_BCE_Mayo15_tradu_SCS+BB_IR

    English - May 8, 2015

    Report (PDF)

    Medidas_BCE_Mayo15

    Spanish - May 8, 2015

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