no automatic expansion of bond-buying programme when pandemic stimulus ends -Bloomberg By Reuters
© Reuters. FILE PHOTO: The brand of the European Central Financial institution (ECB) is pictured outdoors its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Picture
PRAGUE (Reuters) – The ECB won’t mechanically develop it Asset Buy Programme when its 1.85 trillion euro pandemic emergency stimulus scheme ends, ECB policymaker Peter Kazimir advised Bloomberg on Tuesday.
The ECB’s Pandemic Emergency Buy Programme is predicted to finish subsequent March and traders count on the ECB to ramp up different stimulus measures on the time to choose up the slack.
“Considerations in regards to the cliff impact can’t mechanically imply calls for for growing the usual programmes,” Bloomberg quoted Kazimir as saying in an interview.
“There isn’t a automated method,” he mentioned. “We will probably be deciding in line with circumstances on the given time.”
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