ECB Sheds €149 Billion in QE Assets, Marks Down Gold in Q2

The European Central Bank (ECB) reduced its Quantitative Easing (QE) assets by €149 billion in the second quarter, a 52% decrease since mid-2022, and also marked down its gold holdings by €160 billion.

8 Jul, 16:04 — 8 Jul, 16:04

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wolf-streetMixed20d ago

QT plus Rate Hikes: ECB Sheds €149 billion of QE Assets in Q2, -52% since mid-2022, Marks Gold Down by €160 Billion

The Fed’s anti-QT faction needs to take a look: The ECB has shed €3.70 trillion ($4.22 trillion) of its QE assets, nearly double the Fed’s QT, and nothing bad has happened.

By Wolf Richter

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ECB Sheds €149 Billion in QE Assets, Marks Down Gold in Q2

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QT plus Rate Hikes: ECB Sheds €149 billion of QE Assets in Q2, -52% since mid-2022, Marks Gold Down by €160 Billion

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