ECB far from having to contemplate stock buys: Coeure

November 21, 2016 12:35 PM EST

Benoit Coeure, member of the Executive Board of the European Central Bank (ECB), attends a Lamfalussy Lectures Conference in Budapest, Hungary February 1, 2016. REUTERS/Laszlo Balogh

Get the Pulse of the Market with's Pulse Picks. Get your Free Trial here.

FRANKFURT (Reuters) - The European Central Bank has never discussed buying stocks and it is far from having to contemplate such a scheme even though others, like the Bank of Japan have done it, ECB Executive Board Member Benoit Coeure said on Monday.

"It’s in theory possible... I mean we are far from being in a place where we need to do it," Coeure told university students. "It’s clearly not in the discussion today, we’ve never discussed it."

The ECB will at some point start winding down its extraordinary policy accommodation but "not yet", Coeure said, adding that the bank needs a sustained rebound in inflation before scaling back stimulus.

(Reporting by Balazs Koranyi)

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Fed, Forex, Reuters, Trader Talk

Related Entities

European Central Bank

Add Your Comment