by Summary:
Already down to just 15B per month for the final 3 months of the program; page here; graph below: Monthly net purchases of public and private sector securities currently amount to €15 billion on average. On 25 October 2018, the Governing Council stated that it “will continue to make net purchases under the asset purchase programme (APP) at the new monthly pace of €15 billion until the end of December 2018. The Governing Council anticipates that, subject to incoming data confirming the medium-term inflation outlook, net purchases will then end. 15B/month although a lesser rate than previous still damaging policy imo; but I'd at least take this as a sign that they wont renege and will indeed stop the asset purchases at the end of December... then we'll see what happens...
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Already down to just 15B per month for the final 3 months of the program; page here; graph below: Monthly net purchases of public and private sector securities currently amount to €15 billion on average. On 25 October 2018, the Governing Council stated that it “will continue to make net purchases under the asset purchase programme (APP) at the new monthly pace of €15 billion until the end of December 2018. The Governing Council anticipates that, subject to incoming data confirming the medium-term inflation outlook, net purchases will then end. 15B/month although a lesser rate than previous still damaging policy imo; but I'd at least take this as a sign that they wont renege and will indeed stop the asset purchases at the end of December... then we'll see what happens...
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
New Economics Foundation writes Is the Labour government delivering on its promises?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
Matias Vernengo writes What is heterodox economics?
Already down to just 15B per month for the final 3 months of the program; page here; graph below:
Monthly net purchases of public and private sector securities currently amount to €15 billion on average. On 25 October 2018, the Governing Council stated that it “will continue to make net purchases under the asset purchase programme (APP) at the new monthly pace of €15 billion until the end of December 2018. The Governing Council anticipates that, subject to incoming data confirming the medium-term inflation outlook, net purchases will then end.
15B/month although a lesser rate than previous still damaging policy imo; but I'd at least take this as a sign that they wont renege and will indeed stop the asset purchases at the end of December... then we'll see what happens...