ECB has not discussed reducing bond purchases: spokesman
Reuters
Published Oct 04, 2016 03:41PM ET
ECB has not discussed reducing bond purchases: spokesman
FRANKFURT (Reuters) - The European Central Bank's decision-making body has not discussed reducing the pace of its monthly bond buying, ECB media officer Michael Steen tweeted on Tuesday, responding to a Bloomberg article.
Bloomberg had reported the ECB would probably wind down its 80-billion-euro ($90-billion) monthly bond purchases gradually before ending its quantitative easing program, citing unnamed officials at euro zone countries' central banks.
"(The ECB's) Governing Council has not discussed these topics, as (President Mario) Draghi said at last press conference and during testimony at the European Parliament," Steen said in the tweet.
Reuters reported late last month the ECB would not abruptly stop buying bonds in March, indicated as the earliest possible end to the scheme, and some sort of extension, even at a lower pace of monthly purchases, was necessary.
Draghi said last month the ECB would look at ways to ensure the bond-buying program carries on smoothly, amid market fears of a scarcity of assets to buy in countries such as Germany.
An announcement on that is expected in December, when the ECB publishes its new staff forecasts.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.