How much money is printed / planned to be printed through quantive easing

La solicitud fue exitosa.

Dear European Central Bank,

Under the right of access to documents in the EU treaties, as developed in Regulation 1049/2001, I am requesting documents which contain the following information:
1) The total amount of "money printed" through quantive easing by the ECB from march 2015 onwards.

2) a monthly breakdown of the amount of money printed from march 2015 onward

3) the total amount of money planned to be printed

4) a monthly breakdown of the amount planned to be printed

Yours faithfully,

Rosh

SecretariatInbounde-mails@ecb.europa.eu,

Dear Mr Karia,

The ECB confirms receipt, on 28 May 2018, of your application for access to ECB documents as specified in your email below.

Please note that your request will be processed in line with Decision ECB/2004/3 https://www.ecb.europa.eu/ecb/legal/pdf/... , which foresees a deadline for response of 20 working days excluding ECB holidays.

Yours sincerely,

Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[email address]
[email address]

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SecretariatInbounde-mails@ecb.europa.eu,

Dear Mr Karia,
 
Thank you for your request of 26 May 2018 seeking “documents which contain
the following information: 1) the total amount of “money printed” through
[quantitative] easing by the ECB from March 2015 onwards; 2) a monthly
breakdown of the amount of money printed from March 2015 onward; 3) the
total amount of money planned to be printed; 4) a monthly breakdown of the
amount planned to be printed”.
 
We would like to reiterate that the aim of the ECB’s expanded asset
purchase programme (APP), which includes the third covered bond purchase
programme (CBPP3), the asset-backed securities purchase programme (ABSPP),
the corporate sector purchase programme (CSPP), and the public sector
purchase programme (PSPP), is to “further enhance the transmission of
monetary policy, facilitate credit provision to the euro area economy,
generate positive spill-overs to other markets and, as a result, ease the
ECB’s monetary policy stance, and contribute to a return of inflation
rates to levels closer to 2%”.       For more information, please refer to
the following ECB decisions: Decision ECB/2014/40 of the European Central
Bank of 15 October 2014 on the implementation of the third covered bond
purchase programme; Decision ECB/2014/45 of the European Central Bank of
19 November 2014 on the implementation of the asset-backed securities
purchase programme; Decision (EU) 2016/948 of the European Central Bank of
1 June 2016 on the implementation of the corporate sector purchase
programme (ECB/2016/16); and Decision (EU) 2015/774 of the European
Central Bank of 4 March 2015 on a secondary markets public sector asset
purchase programme (ECB/2015/10). As such, these programmes form part of
the package of non-standard monetary policy measures that the ECB has
established in recent years.   
[1]https://www.ecb.europa.eu/explainers/tel...
 
The ECB is committed to ensuring a high level of transparency regarding
its purchase programmes and publishes a wealth of information on them. As
a result, all of the requested information is publicly available.
 
Details of the APP’s monthly net purchases since March 2015, broken down
by programme, are available on the ECB’s website.     
[2]https://www.ecb.europa.eu/mopo/implement... All
weekly changes in the APP programmes are reported in the Eurosystem’s
weekly financial statement,  
[3]https://www.ecb.europa.eu/press/pr/wfs/2... and full
historical data are available on the ECB’s website in the section on daily
liquidity conditions.       
[4]https://www.ecb.europa.eu/stats/policy_a...
 
On 26 October 2017, the ECB’s Governing Council decided that monthly net
purchases would be reduced from €60 billion to €30 billion from January
2018 until the end of September 2018. The intention is for securities
purchases to continue to be carried out until the Governing Council sees a
sustained adjustment in the path of inflation that is consistent with its
aim of achieving inflation rates below, but close to, 2% over the medium
term.     
[5]https://www.ecb.europa.eu/press/pr/date/...
See also the box entitled “The recalibration of the ECB’s asset purchase
programme” in Issue 7/2017 of the ECB’s Economic Bulletin, which is
available here:
[6]https://www.ecb.europa.eu/pub/economic-b...
 
We hope that the above is sufficient for your purposes.
 
 
Yours sincerely,
 
Compliance and Governance Office
DG Secretariat
European Central Bank
Sonnemannstrasse 20
60314 Frankfurt am Main
[7][email address]   
[8][email address]  
 
1.      For more information, please refer to the following ECB decisions:
Decision ECB/2014/40 of the European Central Bank of 15 October 2014 on
the implementation of the third covered bond purchase programme; Decision
ECB/2014/45 of the European Central Bank of 19 November 2014 on the
implementation of the asset-backed securities purchase programme; Decision
(EU) 2016/948 of the European Central Bank of 1 June 2016 on the
implementation of the corporate sector purchase programme (ECB/2016/16);
and Decision (EU) 2015/774 of the European Central Bank of 4 March 2015 on
a secondary markets public sector asset purchase programme (ECB/2015/10).
2.      
[9]https://www.ecb.europa.eu/explainers/tel...
3.      
[10]https://www.ecb.europa.eu/mopo/implement...
4.      [11]https://www.ecb.europa.eu/press/pr/wfs/2...
5.      
[12]https://www.ecb.europa.eu/stats/policy_a...
6.      
[13]https://www.ecb.europa.eu/press/pr/date/....
See also the box entitled “The recalibration of the ECB’s asset purchase
programme” in Issue 7/2017 of the ECB’s Economic Bulletin, which is
available here:
[14]https://www.ecb.europa.eu/pub/economic-b...
 

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roshan karia dejó un comentario ()

Info at:
https://www.ecb.europa.eu/mopo/implement...

"History of cumulative purchase breakdowns under the APP" link provides spreadsheet of breakdown