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MARRAKECH - The European Central Bank should discuss tweaks to a key bond buying scheme and weigh higher charges for commercial banks, Latvian policymaker Martins Kazaks said on Wednesday, arguing a recent rise in borrowing costs, including for Italy, was not worrisome.
"With regard to Italy, at least at the current stage, I don't see anything that worries me about an impairment in the transmission mechanism or something that I would consider an unwarranted market reaction," Kazaks told Reuters. "I would say that we would gain credibility by adjusting instruments and explaining this, rather than sticking to an instrument for too long," Kazaks said."Do I think it's necessary or possible to end reinvestments earlier than the end of next year? My answer would be yes."
Policymakers considered this option over the summer and decided against it, but some hope the issue would come back when the ECB reviews its broader operational framework early next year.
France Dernières Nouvelles, France Actualités
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