WSJ with a recap on "ECB Official Warns About Impact of Extending Bond-Buying Programs"

Author: Eamonn Sheridan | Category: Central Banks

Benoît Coeuré is an executive board member of the European Central Bank (headline comments here and here earlier)

He spoke in Washington Thursday The Wall Street Journal on his comments:
  • Central banks risk destabilizing the financial system if they extend bond-buying programs for too long
  • The comments-just as the ECB prepares to decide the fate of its own asset-purchase program-underline differences of opinion within the central bank over how quickly to withdraw its sweeping stimulus measures as the eurozone economy picks up
And, as background:
  • The ECB is preparing to decide how to scale down its €60 billion-a-month bond-buying program, known as quantitative easing, as the region's economy accelerates. The program is currently due to run at least through December.
Journal article is here, may be gated:
The point I made in my post re the comments was there was no clue as to timing from Coeuré. Which is what a lot of traders are trying to divine from various comments. I guess we await Mario Draghi's advice.