ECB’s Holzmann tells paper he wants cut in PEPP reinvestments from March

VIENNA (Reuters) – European Central Bank policymakers should discuss at their meeting next month whether to wind down bond reinvestments under the Pandemic Emergency Purchase Programme early, Austrian Governor Robert Holzmann said in remarks published on Friday.

“My suggestion would be to reduce reinvestments step by step as of March,” Holzmann told Austrian newspaper Die Presse. Those reinvestments are slated to run until the end of 2024 but some policymakers have made the case for starting to wind them down early.

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