ECB: Monetary stimulus may completely end in September

Baku. 16 January. REPORT.AZ/ European Central Bank (ECB) should prepare to adjust its policy guidance before the summer and end net asset purchases in one swoop after September.

Report informs referring to the Bloomberg agency, the Governing Council member of ECB Ardo Hansson said in his interview to German newspaper Boersen-Zeitung.

Though Hansson supported the current position of ECB, said ECB should prepare for future steps: ““There are certainly good reasons to reduce the importance of the net purchases in our communication soon - also with a view to a potential end to these purchases. If growth and inflation continue to evolve broadly in line with the ECB’s latest projection, it would “certainly be conceivable and also appropriate to end the purchases after September,” he said.

After the statement the euro up against USD to 1.23 USD/EUR level, the highest level in 37 months.

Analytical Group of Report News Agency does not rule out that if strengthening continues in this speed in the short period the exchange rate may reach 1.26 USD/EUR.