Published on Friday, October 27, 2017 | Updated on Friday, October 27, 2017
ECB Watch: The ECB delivers a "down size" of the APP
Summary
The ECB has opted for an alternative way to taper QE, downsizing monthly purchases to 30 bn euros. The Asset Purchase Programme remains open-ended, extended until September 2018 or beyond. The size of the ECB’s balance sheet and forward guidance will replace net purchases as the main tool for monetary policy
Geographies
- Geography Tags
- Europe
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Tags
- Tags
- Monetary policy
- Draghi
- QE
Documents and files
Authors
SC
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis
MM
María Martínez
BBVA Research - Principal Economist