The European Central Bank (ECB) might end its bond-purchase program in the summer, ECB Governing Council member Ewald Nowotny said on Monday.
“Sometime before the end of 2017 we will be discussing what happens in the future,” he stated. Nowotny pointed out that he is not saying a final decision on tapering will be made in the summer, but that the ECB will have enough information by then to make a decision.
The central banker said that tapering will not be discussed in March.
Nowotny also commented that talk that Italy and France may leave the Eurozone is absurd, that Trump hurts the US economy medium term and that a hard Brexit would hit the UK’s economy hard.
Image: EPA / HELMUT FOHRINGER
