Open Europe Blog

Archives for QE

As we predicted might happen, the ECB surprised markets yesterday with the announcement of an interest rate cut and the purchases of private assets.Open Europe’s Raoul Ruparel has a full analysis on his Forbes blog, where he concludes:“In summation…

Posted by Open Europe blog team

ECB sterilisation fail

The ECB yesterday failed to fully sterilise its purchases of government bonds under the Securities Markets Programme (SMP).A quick recap – the sterilisation is designed to remove the same amount of liquidity from the financial system as the ECB introdu…

Posted by Open Europe blog team