ECB has 'ample time' to plot exit from pandemic asset purchases - Villeroy
"We still have ample time to judge and decide, well beyond our June meeting," Villeroy said in a speech at an online Danske Bank conference
FILE PHOTO: The European Central Bank (ECB) logo is pictured before a news conference on the outcome of the meeting of the Governing Council in Frankfurt, Germany, January 23, 2020. REUTERS/Ralph Orlowski/File Photo
The European Central Bank has plenty of time to map out its exit from its pandemic asset purchase programme, ECB policymaker Francois Villeroy de Galhau said on Tuesday, pushing back against market speculation that it could be discussed next month.
"We still have ample time to judge and decide, well beyond our June meeting," Villeroy said in a speech at an online Danske Bank conference.
He said that suggestions that asset purchases could be reined in as soon as the third quarter were "purely speculative" and added that the amount the ECB buys will be freely determined until at least March, when the programme is due to expire.
