Central Banks
ECB Should Discuss Ending Bond Reinvestments Sooner, Wunsch Says
- Belgian central bank chief speaks to Bloomberg Television
- Jump in Italian yields shouldn’t impact talks much, he says
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European Central Bank Governing Council member Pierre Wunsch said officials should consider a quicker start to rolling off almost €1.7 trillion ($1.8 trillion) in bonds bought during the pandemic — despite a recent jump in Italian bond yields.
While the ECB has said it will reinvest any maturing securities from the so-called PEPP portfolio through end-2024, “I don’t think there is any any strong rationale for doing that today,” the Belgian central bank chief told Bloomberg TV.