Short Insight – The ECB’s QE reinvestments revisited

by: Kim Liu

  • Although the reinvestments fell short of expectations, they are still sizeable enough to partially compensate for the slowdown in net asset purchases
  • Due to the reinvestments, the PSPP market will enjoy continued support in 2019
  • Redemptions start off slow but closely follow overall redemption patterns
  • Redemptions in 2019 should rise and could be the final breath of the QE programme
171113-Short-Insight-The-ECB-reinvestments-revisited.pdf (203 KB)
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