I don't understand the function of "coming" word in the sentence below.

... as they weigh the scale of monetary easing coming later this month.

Is it working as a gerund? and if so, why is it in gerund?

Could i rewrite:

As they weigh the scale of monetary easing which is coming later his month.


Solution 1:

Yes, you could.

"Coming" is a participle, in the small clause obtained by Whiz deletion