- Analytics
- News and Tools
- Market News
- ECB could start shrinking bond portfolio from start of 2023
ECB could start shrinking bond portfolio from start of 2023
Reuters reported that the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year, Bundesbank President Joachim Nagel told a German newspaper.
"We should start shrinking our bond portfolio at the beginning of next year, for example by allowing existing bonds to expire in a market friendly way," Frankfurter Allgemeine Zeitung quoted Nagel as saying on Tuesday in an interview.
Nagel, asked about future rate hikes, also said: "There's still a long way to go.
"I am convinced that this is not the end of the rate hikes."
Meanwhile, the US dollar index which measures the greenback against six rivals, including the euro, was slightly lower at 111.49 and the euro traded flat at 0.9870.
© 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
