15.2 C
New York
Saturday, September 23, 2023

ECB has room to move away from bond buys: Vasiliauskas

ECB has room to move away from bond buys: Vasiliauskas© Reuters. Lithuania’s central bank governor Vitas Vasiliauskas speaks during the Euro Conference in Vilnius

FRANKFURT (Reuters) – Solid growth provides room for the European Central Bank to transition away from bond purchases but normalization should be gradual and policy moves should be well telegraphed, Lithuanian policymaker Vitas Vasiliauskas said in a magazine article.

“The (bond) purchases will be ended gradually rather than abruptly, ensuring a smooth transition of sufficient length,” Vasiliauskas said in the Eurofi magazine.

“Any further policy steps will be well-discussed, data-based and gradual, providing sufficient time for markets to adjust,” he said. “We should be ready for an increase in market volatility, which has been exhibiting unnaturally low levels.”

Vasiliauskas said that the ECB Governing Council has already built an agenda for its next several steps, spanning an extended period of time.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

- Advertisement -

Latest Articles

Popular Articles