Monitoring ECB balance sheet expansion (July 2015)
Published on Tuesday, August 4, 2015 | Updated on Monday, August 10, 2015
Monitoring ECB balance sheet expansion (July 2015)
Summary
In July, the purchase programme involving both public and private assets slightly surpassed the stated monthly target of EUR60bn, with EUR61.3bn of assets acquired and still a clear bias in favour of purchasing public bonds (80%). There was no let-up in purchasing in the month as a result of a summer lull in issuance, as some members of the ECB had been expecting.
Topics
- Topic Tags
- Macroeconomic Analysis
- Central Banks
Tags
- Tags
- ECB
Authors
Agustín García
BBVA Research - Principal Economist
María Martínez
BBVA Research - Principal Economist
Cristina Varela
BBVA Research - Principal Economist
Documents and files
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