Economics
ECB Frets Over Bond Purchases With Year-End Deadline in Mind
- Constancio signals QE plan may not come until after summer
- Weidmann warns of risks as Knot says program disappointing
This article is for subscribers only.
European Central Bank officials resumed their public debate over the future of their bond-buying plan as some policy makers criticized its impact.
Vice President Vitor Constancio said that an announcement on the 2.3 trillion-euro ($2.6 trillion) program must come before the end of the year, when it is currently scheduled to finish, but the decision may not be taken until after the summer. Germany’s central-bank chief warned that governments may become dependent on depressed bond yields, and the Dutch governor said the effect on inflation has been disappointing.