ECB’s Lautenschläger: Bond purchases by the end so that the rate of interest




Speaking of the ECB policyShe adds:

  • The appropriate degree of expansion and the necessary tools are hypothetical points
  • the time has come to put the tools non-conventional new in box
  • we should start reducing our bond purchases at the beginning of next year
  • low interest rates are justified; have side effects
  • it is important that we really move towards the exit, step by step, but steadily and in a clear direction
  • bond purchases will come to an end, while interest rates will stay low, well beyond
    1fd0
    the horizon of the net assets of the purchases, but we still need to decide on the time limit
  • inflation accelerated, but not as fast as we expected
  • all of the factors that are now inflation seems to be temporary
  • I think that we should start reducing our bond purchases in the next year
  • bond purchase reduction should be done gradually until we are no longer buying additional bonds
  • time total obligations initially remain constant, as with the vast effects
  • inflation will return to the article, it is just a matter of time
  • the factors that are now inflation seems to be temporary

The EURUSD is trading higher and is approaching its 200 hours MA at 1.1750. A movement above, would be more optimistic. The price of the EURUSD has not traded above its 200 hour MA since September 22.



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