Praet: Everyone agrees that we have to make sure that the reduction of the stimulus takes place in an orderly manner, without any excessive shocks. — AFP
FRANKFURT: As the European Central Bank (ECB) prepares to slow its bond-buying programme, policy makers are considering softening the blow by highlighting a related measure – the reinvestment of maturing debt.
An average of 15 billion euros (US$18bil) a month of assets held under quantitative easing (QE) will mature next year, according to eurozone central bank officials who said the figure was presented at the last governing council meeting.
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