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Published on Thursday, July 9, 2015 | Updated on Thursday, July 9, 2015

Monitoring ECB balance sheet expansion (June 2015)

Summary

In June, the asset purchase programme was ahead of the set monthly target of EUR60bn, (EUR62.9bn). We still think that inviting speculation over an early withdrawal of stimuli would be both premature and risky, especially in a context where risks deriving not only from the situation in Greece but also from China are giving rise to a high degree of uncertainty.

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
Miguel Jiménez BBVA Research - Lead Economist
Agustín García BBVA Research - Principal Economist
Diego Torres

Documents and files


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Report (PDF)

ECB_monthly_measures_0715

English - July 9, 2015

Report (PDF)

Medidas_BCE_0715_Final_maq

Spanish - July 9, 2015

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