The European Central Bank will be celebrating an important landmark next month. In little more than a year, the central bank has been able to increase access liquidity in the European banking system from about €150 billion (March 2015) to €983 billion today. The primary driver of this liquidity growth has been the central bank’s QE policy, which should take excess liquidity above the €1 trillion marker next month.
The current size of the ECB’s balance sheet and sheer volume of liquidity the bank has created over the past 12 months is the subject of a fixed income research report from the HSBC Global Research centre, sent to clients yesterday.
The report, which was authored by HSBC strategist Bert Lourenco, points out...
Login required to continue reading.
Setup a free account to get access to this article (no credit card required).
View Full Article
