ECB set to follow BoE despite policy limitations

The Bank of England’s policy action last week added to the pressure on the ECB to do more. At the moment, the ECB’s self-imposed restrictions would prevent a large expansion of its asset purchase programme. But those limitations can be amended, so should not prevent the ECB from announcing an increase in the pace of its asset purchases in September.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.