ECB's Coeure: APP has remained a considerable source of financial easing

Eren Sengezer FXStreet

"There is convincing evidence that supports the view that the APP has remained a considerable source of financial easing also after the end of net purchases," European Central Bank Governing Council member Benoit Coeure said in a recently delivered speech.

Key quotes (via Reuters)

In some countries, like France and Italy, reinvestments as a share of total gross issuance are expected to rise in 2020.
I would argue that the effects of asset purchases are highly persistent, and that they have affected recent pricing dynamics.
The stock effect of our purchases will continue to be significant.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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