No automatic expansion of bond buying program-Kazimir

Date:

ECB policymaker Peter Kazimir told Bloomberg that the ECB will not automatically expand its Asset Purchase Program. This is when its 1.85 trillion-euro pandemic emergency stimulus scheme ends.

The ECB’s Pandemic Emergency Purchase Program is expected to end next March. And so, the investors expect the ECB to ramp up other stimulus measures at the time to pick up the slack. Bloomberg quoted about the words of Kazimir in an interview.

According to him, it was stated that the concerns about the cliff effect cannot automatically mean demands for increasing the standard program. He said that there is no automatic formula. They will be deciding according to conditions at the given time.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

PNC Financial Services Group Faces Earnings Contraction Amidst Strategic Measures

PNC Financial Services Group, a major player in the...

Global Banks Could Unlock $7 Trillion Valuation Boost with Strategic Growth Initiatives: BCG Report

Global banks have the potential to enhance their combined...

African Currencies Face Varied Outlooks Against Dollar: Analysis and Forecasts

As the foreign exchange markets in several African countries...

Yotta’s Strategic Move: A $500 Million Boost for AI Chips from Nvidia

In a strategic move to enhance its AI cloud...