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ICYMI - Fitch said the ECB likely to quicken pace of quantitative tightening (QT) in July

Via Fitch (the ratings folks) on Tuesday:The ECB started reducing its balance sheet in March and is likely to pick up the pace of so-called quantitative tightening (QT) in Julywe expect the size of the balance sheet to decline for several years, with bond holdings shrinking at a gradual paceQT will complement the higher ECB’s policy rate and recover some of the diminishing policy space to use asset purchase programmesThere is more here (may be gated):‘ECB Starts QT in a More Turbulent World’QT b... Read More

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Posted: Apr 25 2023, 21:48

Author Name: forexlive

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