PEPP reinvestments could be discussed in December, says Holzmann (BCE)

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VIENNA (Reuters) – Members of the European Central Bank (ECB) governing council are expected to discuss possible reductions in reinvestments from the Pandemic Emergency Purchase Program (PEPP) at the next monetary policy meeting , scheduled for Dec. 14, Austrian National Bank Governor Robert Holzmann said in remarks published Friday.

“My suggestion would be to gradually reduce reinvestments from March onwards,” Robert Holzmann told Austrian newspaper Die Presse.

These reinvestments are due to end at the end of 2024, but some monetary policy makers have argued in favor of an early reduction.

According to the minutes of the last ECB meeting, a discussion on the subject was considered premature in October.

(Editor François Murphy; French version Corentin Chappron, edited by Blandine Hénault)


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