ECB Governing Council member, Bank of France Governor Francois Villeroy de Galhau said today that “the time when our net asset purchases will end is approaching”. Currently, ECB’s EUR 30B per month asset purchase program is set to end after September. Villeroy de Galhau said whether it will end in September, or December is not “a deep existential question”.
Regarding interest rates, he added that “we could give additional guidance on its timing–well past meaning at least some quarters but not years–and its contingency on the inflation outlook.”
