Monitoring the expansion of the ECB balance sheet (July 2016)
Published on Tuesday, August 2, 2016 | Updated on Tuesday, August 2, 2016
Monitoring the expansion of the ECB balance sheet (July 2016)
Summary
In July, the asset purchase programme (APP) exceeded the monthly objective of €80 billion, with €80.6 billion being acquired. In July, the ECB kept monetary policy unchanged, although it said it needs more time to re-evaluate the degree of flexibility of it. It is very likely that the ECB will take some additional steps in September, but not radical measures.
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Tags
- Tags
- ECB
Authors
Agustín García
BBVA Research - Lead Economist
María Martínez
BBVA Research - Principal Economist
Cristina Varela
BBVA Research - Principal Economist