ECB Said to Have Discussed Whether Rates Can Rise Before QE Ends
- Governing Council talked about sequencing at March 9 meeting
- Guidance currently foresees no rate increase while QE ongoing
ECB's Draghi Looks for Help as Economic Risks Improve
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European Central Bank policy makers considered the question of whether interest rates could rise before their bond-buying program comes to an end, according to people familiar with the matter.
Governing Council members meeting on March 9 exchanged views on ways of communicating and sequencing an exit from unconventional stimulus, euro-area central-bank officials said, asking not to be identified because the deliberations were private. The council didn’t discuss any specific scenario or timeline and hasn’t made any formal decisions on a strategy. An ECB spokesman declined to comment.