QT plus Rate Hikes: ECB Sheds €149 billion of QE Assets in Q2, -52% since mid-2022, Marks Gold Down by €160 Billion
The European Central Bank shed €149 billion of quantitative easing assets in the second quarter of 2026 and has reduced total QE assets by €3.7 trillion (52 percent) since mid-2022, bringing them down to €3.47 trillion, while simultaneously hiking policy rates to 2.25 percent and raising its inflation projection for end-2026 to 3 percent. The ECB also marked down its gold holdings by €160 billion in Q2 after a decline in gold prices expressed in euros, though the document notes that no adverse economic effects have resulted from the substantial balance sheet reduction.
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Provenance
- Publisher
- Wolf Street
- Obtained from
- Wolf Street
- Published
- Jul 8, 2026
- Last updated
- Jul 8, 2026 (1 month ago)
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