The ECB’s new balance sheet approach

Following the November Governing Council policy meeting, the ECB highlighted upfront in its introductory statement to the press conference that its asset purchase programmes (for asset-backed securities (ABSPP) and covered bonds (CBPP3)), together with the series of targeted longer-term refinancing operations (TLTROs), will have a sizable effect on the ECB balance sheet, which is expected to move towards the dimensions it had at the beginning of 2012.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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