The #ECB waits and see.
#APP might be concluded in the third quarter of 2022. Or not.
At any rate there is no end date in sight for the end of reinvesting
1/
ecb.europa.eu/press/pr/date/…
#APP might be concluded in the third quarter of 2022. Or not.
At any rate there is no end date in sight for the end of reinvesting
1/
ecb.europa.eu/press/pr/date/…
Here is the carefully worded statement
2/
2/
Interest rates will remain at current levels until well after APP is over, meaning at least all of 2022. Possibly longer
3/
3/
#PEPP net purchases will end as planned at the end of March.
But reinvestment will continue until at least the end of 2024.
More importantly:
A) the ECB will continue to be flexible concerning capital keys
B) it stands ready to resume PEPP if needed
4/
But reinvestment will continue until at least the end of 2024.
More importantly:
A) the ECB will continue to be flexible concerning capital keys
B) it stands ready to resume PEPP if needed
4/
Overall, a quite dovish stance.
The ECB remains flexible and limits commitment as much as possible.
It keeps calm and carries on. Good news from Frankfurt
5/5
@gregclaeys @ndrea_terzi @RiccardoTrezzi
The ECB remains flexible and limits commitment as much as possible.
It keeps calm and carries on. Good news from Frankfurt
5/5
@gregclaeys @ndrea_terzi @RiccardoTrezzi
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