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Far from being nonplussed by Germany’s Constitutional Court ruling of May 5 that the ECB’s Public Sector Purchase Programme (PSPP) may be illegal, it doubled the programme on June…
ECB easing.
Fears of Europe's financial fragility are rising after the ECB ended its quantitative easing (QE) programme in December. The programme -- which lasted almost four years -- bought…
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DOI: 10.1108/OXAN-DB240895
ISSN: 2633-304X
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The ECB stopped buying more government bonds under the pandemic-emergency-purchase-programme (PEPP) at the end of March and the asset-purchase-programme (APP) on July 1. Spreads…
The ECB remains reluctant to increase rates, as supply-side shocks are the main cause of high consumer-price inflation, while core inflation is only barely above the 2…
The unprecedented volume of ECB bond purchases, and the liquidity of the secondary debt market, have supported economies through the COVID-19 pandemic. Concerns persist that…
At a press conference after the previous meeting on October 22, ECB President Mario Draghi was clear that downside risks to the inflation outlook might lead to a reassessment at…
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DOI: 10.1108/OXAN-DB207007
ISSN: 2633-304X
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While the Governing Council is divided over the issue, President Christine Lagarde appears to favour more active fiscal policy by member states to stabilise the European economy.
Is quantitative easing helping credit growth?
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DOI: 10.1108/OXAN-DB200760
ISSN: 2633-304X
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Geographic
Topical
The ECB stopped purchasing bonds this month after running its asset purchase programme (APP) since March 2015. The APP flooded commercial banks with liquidity in excess of their…