Free Trial

MNI BRIEF: No Quick PEPP Reinvestment Decision- ECB's Holzmann

(MNI) LONDON
(MNI) Vienna
True

The ECB Governing Council is yet to formally discuss how to reduce its balance sheet and while informal talks have taken place, a final decision is only likely to come next year with the finalisation of the ECB’s strategic review of its operational framework, Austrian National Bank governor Robert Holzmann told MNI and others Monday. (see MNI INTERVIEW2: ECB To Discuss PEPP Reinvestment In Dec-Vujcic).

“My optimistic understanding is that the problem is well defined; that there needs to be a solution,” he explained. What I proposed is one solution, there may be others, I don’t know. I’m looking forward to the [suggestions of] much more senior people with experience of other solutions," he said.

Keep reading...Show less
140 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The ECB Governing Council is yet to formally discuss how to reduce its balance sheet and while informal talks have taken place, a final decision is only likely to come next year with the finalisation of the ECB’s strategic review of its operational framework, Austrian National Bank governor Robert Holzmann told MNI and others Monday. (see MNI INTERVIEW2: ECB To Discuss PEPP Reinvestment In Dec-Vujcic).

“My optimistic understanding is that the problem is well defined; that there needs to be a solution,” he explained. What I proposed is one solution, there may be others, I don’t know. I’m looking forward to the [suggestions of] much more senior people with experience of other solutions," he said.

Keep reading...Show less