• ECB's Executive Board member Schnabel: It seems appropriate to replace market neutrality principle with market efficiency principle

Market news

14 June 2021

ECB's Executive Board member Schnabel: It seems appropriate to replace market neutrality principle with market efficiency principle

  • ECB could adjust policy operations more gradually in line with sustainability considerations
  • A tilting of ECB’s purchases could, in principle, reduce potential mispricing
  • Tilting strategies could be performed at level of sectors, firms or bonds

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