ECB for ending bond purchases

Growing number of ECB policymakers called for an early end to asset purchase programme

REUTERS April 22, 2022
European Union (EU) flags fly in front of the European Central Bank (ECB) headquarters in Frankfurt, Germany, December 3, 2015. PHOTO: REUTERS


The European Central Bank should end its stimulus programme in July and could raise interest rates in the same month, in September or later, ECB Vice President Luis de Guindos said in an interview published on Thursday.

The ECB said last week that it would stop buying bonds in the third quarter of the year and raise interest rates sometime after that, ending years of monetary largesse in the face of surprisingly high inflation.

De Guindos was joining a growing number of ECB policymakers, including Bundesbank President Joachim Nagel, in calling for an early end to the asset purchase programme. 

Published in The Express Tribune, April 22nd, 2022.

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