ECB Weidmann: Governing Council Increasingly Sceptical Of SMP

Author: Market News International | Category: News

FRANKFURT (MNI) – European Central Bank Governing Council members
are increasingly sceptical of the central bank’s bond market
interventions under the Securities Market Programme (SMP), ECB Governing
Council member Jens Weidmann said late Tuesday.

“I am not a fan of the SMP,” Weidmann said. “I also believe that
the fans of the SMP are becoming increasingly sceptical,” he told the
Club of Frankfurt Economic Journalists.

–Frankfurt newsroom +49 69 72 01 42; e-mail: jtreeck@marketnews.com

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