European Economics

European Economics Update

21 August, 2018

ECB purchases of Italian bonds might rise in October

We suspect that, due to technical reasons, the ECB will increase its purchases of Italian government bonds in October. This might help to prevent yields from shooting up if Italy’s Government submits a very expansionary Budget to the European Commission for approval that month. But any increase in purchases would be temporary, so would not stop yields from rising over the coming years.

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