- Analytics
- News and Tools
- Market News
- ECB’s Holzmann: Central bank is aware of QT risks – MNI
ECB’s Holzmann: Central bank is aware of QT risks – MNI
“The European Central Bank (ECB) is conscious of the dangers of moving too fast in cutting reinvestments from its asset purchase programme, particularly after seeing last year's UK gilt market volatility,“ the central bank policymaker Robert Holzmann told MNI in an interview.
Additional takeaways
"I think we all want to have a smaller balance sheet, but we are all still a bit unsure how much the financial system can support, and at what speed?"
"Even the people who continue to be more on the hawkish side take this seriously because it's difficult to anticipate what's going to happen. The UK experience is something which is in our minds there."
"The discussion of QT will be part of the discussion around our future price-setting system.”
"The other part has to do with PEPP, which is currently used as a kind of buffer towards differences in spreads. It's proved a useful instrument, but you cannot keep this system forever. Or you have to give it a different rationale."
Market reaction
EUR/USD is trading listlessly near 1.0950, awaiting the top-tier US economic data for a fresh direction.
© 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
