- Analytics
- News and Tools
- Market News
- ECB won’t rush to signal future of pandemic program - ECB Governing Council member
ECB won’t rush to signal future of pandemic program - ECB Governing Council member
Bloomberg reports that according to Governing Council member Martins Kazaks, investors waiting for a heads-up from the European Central Bank on the future of pandemic bond-buying in September will probably be disappointed.
With nearly 600 billion euros left to spend and the program running at least through the end of March, it would be much too early for a decision on whether to extend or phase out purchases, Kazaks said.
“Given the uncertainty, given how much time is left, there is no need to decide on that,” said Kazaks. “We will discuss it, but at the moment it would still be premature.”
Policy makers have set up their September meeting -- when new forecasts will become available -- as a crucial session to scrutinize the euro-area economy and its prospects, and to start debating post-pandemic monetary stimulus.
Kazaks urged investors to be patient in expecting results on when or how emergency support will be unwound. The next scheduled opportunity for a decision after September would be the ECB’s meeting on Oct. 28.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
