Provopoulos Says ECB May Never Need to Use Bond-Buying Program
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European Central Bank Governing Council member George Provopoulos said a “normalization” on financial markets suggests the ECB might never need to activate its Outright Monetary Transactions bond-buying plan.
“Given that in the last few months we have had a kind of stabilization, normalization, maybe it will never be used,” Provopoulos said in an interview in Athens yesterday. “OMT has helped enormously. It is a good thing that we have decided to go ahead with that, just in case it would be needed.”