The European Central Bank is anticipated to begin the process of reducing its balance sheet as it intensifies its efforts to remove monetary stimulus and bring inflation back to target. According to the Financial Times, several members of the ECB governing council, which is set to meet on Thursday (27 October) to agree on a new interest rate hike, also plan to discuss ways to start shrinking the €8.8trn balance sheet after eight years of heavy lending and bond buying. The central bank could also signal that it is preparing to shrink the €5trn portfolio of bonds it has amassed over th...
To continue reading this article...
Join International Investment
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes