Euro area growth dependent on domestic demand
JulkaisusarjaBank of Finland. Bulletin
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201603221054
The Governing Council of the ECB decided on an expanded asset purchase programme (EAPP) in January 2015. Purchases have thus far been conducted to a total value of almost EUR 780 billion. At its monetary policy meeting in March 2016, the Governing Council decided to further ease the monetary policy stance. Accordingly, markets expect monetary policy to remain accommodative for a prolonged period.