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Published on Tuesday, January 26, 2016 | Updated on Wednesday, January 27, 2016

Monitoring the expansion of the ECB’s balance sheet (December 2015)

Summary

In December, the asset purchasing programme failed to reach its monthly target of EUR60bn, and came in at EUR50.2bn. In spite of this decline in purchases, this allowed the average since the programme began in March 2015 to reach EUR60bn. The ECB opened the door to more measures in March, although the ECB’s room for manoeuvre is increasingly limited

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Report (PDF)

ECB_monthly_note_0116

English - January 26, 2016

Report (PDF)

Nota mensual_BCE_0116

Spanish - January 26, 2016

Authors

SC
Sonsoles Castillo BBVA Research - Chief Economist for Financial and Economic Analysis
AG
Agustín García BBVA Research - Principal Economist
MJ
Miguel Jiménez BBVA Research - Lead Economist
MM
María Martínez BBVA Research - Principal Economist
CV
Cristina Varela BBVA Research - Principal Economist
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