FED Balance Sheet Projection

Fed Balance Sheet Projection According to the NY Fed, the Fed’s balance sheet could be between $3.8 trillion and $4.7 trillion by 2025. Picture source: UBS

G4 Central Bank Balance Sheet as % of GDP

G4 Central Bank Balance Sheet as % of GDP G4 central bank balance sheet (Fed, ECB, BoJ, BoE) as % of GDP is expected to expand. Picture source: Jeroen Blokland

ECB Balance Sheet vs. ECB Deposit Rate

ECB Balance Sheet vs. ECB Deposit Rate It could be difficult to push rates further into negative territory without affecting the profitability and financing capacity of Eurozone banks. Picture source: Jeroen Blokland

Central Bank Balance Sheet to GDP Ratios

Central Bank Balance Sheet to GDP Ratios Central bank balance sheet to GDP ratios, influenced by monetary policy, vary from one economy to another. Picture source: Bianco Research

Cumulative Central Bank Balance Sheets

Cumulative Central Bank Balance Sheets Central banks’ balance sheets are shrinking and can cause market turbulence. Picture source: Bianco Research

Repo Market (Outstanding Repos) and Reserve Demand Curve

Repo Market (Outstanding Repos) and Reserve Demand Curve The Fed will expand its balance sheet again, by purchasing Treasury bills at least until mid-2020, which should rebuild the level of reserves in the system to $1.7 trillion. Picture source: BofA Merrill Lynch