The ECB’s policy statement this week pledges more support, but leaves plenty of room for disputes over the meanings of a “significantly higher pace” of asset purchases and “favourable” financing conditions. We suspect that the Bank will buy enough bonds to push peripheral yields down further from current levels in the coming weeks. Meanwhile, Sunday’s state elections in Germany may be crucial in determining who the Christian Democratic Union puts forward as “Chancellor-candidate” for September’s federal elections.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services