#ECB deleveraging continues despite QE as FX reserves declined by €5.5bn and net lending to banks via @HolgerZschaepitz

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#ECB deleveraging continues despite QE as FX reserves declined by €5.5bn and net lending to banks dropped by €14bn. Total assets now at €4,655.8bn, equal to 40.3% of Eurozone GDP vs Fed’s 19.3% and BoJ’s 102.5%. h/t Holger Zschaepitz

#ECB deleveraging continues despite QE as FX reserves declined by €5.5bn and net lending to banks  via @HolgerZschaepitz

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