Visco Says ECB Will Find Solutions If Bond Shortages Emerge
- Central bank hasn’t encountered problem in implementing QE yet
- ECB concluded on July 21 monetary policy is effective
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The European Central Bank will be able to cope with any problems that might emerge in the implementation of its asset-purchase program, Governing Council member Ignazio Visco said in an interview.
So far, policy makers have “no evidence” that there is a shortage of government bonds that may jeopardize the completion of a 1.7 trillion-euro ($1.9 trillion) quantitative easing program, Visco told Bloomberg after a meeting of G-20 finance chiefs in Chengdu, China. “We have not seen problems so far. If we find problems, we will find solutions.”