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no automatic expansion of bond-buying programme when pandemic stimulus ends -Bloomberg By Reuters

by Mike Robinson

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© Reuters. FILE PHOTO – The European Central Bank’s logo is seen outside of its Frankfurt headquarters, Germany on April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo

PRAGUE (Reuters) – The ECB will not automatically expand it Asset Purchase Programme when its 1.85 trillion euro pandemic emergency stimulus scheme ends, ECB policymaker Peter Kazimir told Bloomberg on Tuesday.

The ECB’s Pandemic Emergency Purchase Programme is expected to end next March and investors expect the ECB to ramp up other stimulus measures at the time to pick up the slack.

Bloomberg quotes Kazimir saying that concerns about the “cliff effect” do not automatically require the increase of standard programs.

He stated that there is no formula. “We will decide according to current conditions.”

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