The CashAnalytics Summary Series takes major Central Banks’ extensive reports (often well over 150 pages), and summarises them into 5 minute reads.
This release summarises the 4th edition of the ECB Economic Bulletin for 2018, which was released on the 28th June.
The key points covered in the report include:
- Key ECB interest rates were unchanged and are expected to remain at present levels “through the summer of 2019 and in any case for as long as necessary.”
- Net asset purchases are to continue “at the current monthly pace of €30 billion until the end of September 2018.” After which, subject to incoming data, the Governing Council “will reduce the monthly pace of the net asset purchases to €15 billion until the end of December 2018 and then end net purchases.”
- The Governing Council intends to “maintain its policy of reinvesting the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases.”
To read the summary of the ECB Economic Bulletin, please click here.