Via Goldman Sachs modelling market prices for European Central Bank sovereign purchases
- implies the market is currently pricing around EUR100-150bn of ECB balance sheet expansion
GS reckon it'll be more though:
- We think the ECB can purchase 200-250EURbn under existing constraints andwill re-start sovereign purchases in September
![Goldman Sachs market prices European Central Bank sovereign purchases](https://az705044.vo.msecnd.net/20190716/gs-ecb.png)