A post by @FirstSquawk on X.
KAZAKS SAYS NO NEED FOR ECB TO SLOW OR END QUANTITATIVE TIGHTENING
@FirstSquawk on X
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ECB Governing Council member Martins Kazaks said there is no need for the central bank to slow or end its quantitative tightening (QT) program, pushing back against expectations that the balance-sheet runoff could be paused or tapered. The remarks signal that at least one policymaker favors maintaining the current pace of shrinking the ECB's bond holdings, which has been draining liquidity from the eurozone financial system. The comments matter because QT alongside high interest rates tightens financial conditions, and any shift in the pace would be closely watched by bond markets and rate-sensitive sectors. Investors will look to other ECB officials and upcoming policy meetings for confirmation of whether Kazaks' view reflects a broader consensus on the Governing Council.
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Named in this story
European Central Bank, Kazaks