On an ECB tax on reserves, QE and other easing

What is the ECB likely to do come June? There has been a lot of speculation in the media about the ECB’s next move but the ECB has yet to make definitive statements on which way it is leaning and why. I believe quantitative easing is out of the question but I also believe the ECB is likely to ease in some manner come June.
The latest economic data points tell the story. First, there is industrial output. Eurostat, the European Union's statistics agency said Wednesday that industrial production for March 2014 was down 0.3% compared to February, and down 0.1% compared to March 2013.
The figures suggest no growth in industrial production in the eurozone for the entire first quarter. Now, Eurostat figures to be released tomorrow are expected to show the eurozone economy expanding in the firs...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More