Published on Friday, June 15, 2018 | Updated on Monday, June 18, 2018
The ECB delivers on QE exit and gives strong guidance on rates
Summary
The Asset Purchase Programme will end in December 2018. However, interest rates will remain on hold at least until the summer 2019, later than expected. Macro projections were revised in line with expectations: GDP down in 2018 to 2.1% and inflation up in 2018 and 2019 to 1.7%.
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- Europe
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- Macroeconomic Analysis
- Central Banks
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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