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Monitoring ECB balance sheet expansion (June 2015)

  Author: BBVA Research ( BBVA Research )
 July, 2015
  Price: FREE

Abstract:

In June, the asset purchase programme was ahead of the set monthly target of EUR60bn, (EUR62.9bn). We still think that inviting speculation over an early withdrawal of stimuli would be both premature and risky, especially in a context where risks deriving not only from the situation in Greece but also from China are giving rise to a high degree of uncertainty.
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