While we assume that the ECB has stepped up its bond purchases under the PEPP this week, bond market moves have provided little reassurance that the Bank is determined to squash any rise in yields. Meanwhile, rising case numbers and strains on healthcare systems in a number of euro-zone countries has resulted in tighter restrictions, with parts of France entering a four-week lockdown from tonight. Next week sees the first of the surveys for March, which will show that activity remained weak at the end of Q1.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services