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.