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MNI BRIEF: No ECB QT Until Monetary Policy Normalised- Lagarde

(MNI) LONDON
(MNI) London
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The European Central Bank will only consider using its balance sheet to reduce monetary stimulus once monetary policy has become normalised, bank president Christine Lagarde said Monday, noting that interest rates would remain the tool of choice for policymakers.

Lagarde's remarks to the European Parliament's ECON session confirm MNI's report last week that quantitate tightening is unlikely to become a topic of active debate within the Council before next year (see MNI SOURCES: ECB's Focus Shifts To Interest On Reserves).

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The European Central Bank will only consider using its balance sheet to reduce monetary stimulus once monetary policy has become normalised, bank president Christine Lagarde said Monday, noting that interest rates would remain the tool of choice for policymakers.

Lagarde's remarks to the European Parliament's ECON session confirm MNI's report last week that quantitate tightening is unlikely to become a topic of active debate within the Council before next year (see MNI SOURCES: ECB's Focus Shifts To Interest On Reserves).

Keep reading...Show less