“Monthly net purchases under APP will be worth € 40 billion in April, € 30 billion in May and € 20 billion in June. The calibration of net purchases for the third quarter will depend on the data and will reflect the evolution of the Governing Council’s assessment of the outlook. ” writes the statement.
This means that the central bank has still not set a specific end date for the APP, only to suggest even more strongly that the program may end in the third quarter. It was clear from the March minutes that the members of the shell would have already explicitly announced the withdrawal of the APP at that time, but they did not seem to have been able to do so even at the April meeting.
“In addition, the Governing Council intends to continue to reinvest in full the redemption of maturity securities purchased under APP for a longer period after starting to raise the key ECB interest rates, but in any case as long as necessary to maintain favorable liquidity conditions. and a rather loose monetary policy. ” – states in the communication.
Source: Portfolio.hu – Gazdaság by www.portfolio.hu.
*The article has been translated based on the content of Portfolio.hu – Gazdaság by www.portfolio.hu. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!