Latest News

ECB’s Kazimir calls for ending bond buying in August -Bloomberg

© Reuters. FILE PHOTO: Workers maintain the huge Euro logo in front of the headquarters of the European Central Bank (ECB) in Frankfurt, December 6, 2011. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) – European Central Bank policymaker Peter Kazimir on Friday joined a growing camp of rate-setters in favour of ending the ECB’s bond-buying programme, which were designed to boost inflation in the euro zone.

In an interview with Bloomberg, Kazimir said the Asset Purchase Programme (APP) could end in August but this should not be seen as paving the way for an immediate interest rate hike.

“Trading activity weakens in August so that would bea good natural timing for ending the program,” he said.

He was echoing French governor Francois Villeroy de Galhau, who said bond purchases could end between July and September. Board member Isabel Schnabel also saw an argument for ending the APP.

Like Villeroy, Kazimir said the ECB should change its guidance, which currently says its rates will be raised shortly after bond purchases end.

“It’s time to start thinking about separating the two,”Kazimir said.

ECB’s Kazimir calls for ending bond buying in August -Bloomberg

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News