ECB will not consider QT until rates back to normal – Lagarde
Central bank holds close to €5 trillion in eurozone securities, over €4.2 trillion in public assets
The European Central Bank (ECB) will not consider reducing its balance sheet until it has fully normalised interest rates, president Christine Lagarde told the European Parliament on September 26.
“When we have completed our monetary policy normalisation, using the most appropriate, efficient and effective tool, that are the interest rates, then we will ask ourselves: how, when, at which rhythm, at which pace, we use the other monetary tools that we have available, including quantitative
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