Portugal receives 235 million euros less each month from the European Central Bank, Jornal de Negócios reports on Tuesday based on calculations by the management school IESEG. It is about the fact that the European banking supervisor wants to play a less active role in the debt market from March 2023.
After stopping the net purchase of debt from member states of the European Union in order to curb the escalation of inflation, the ECB is entering a new phase of its strategy and will start reducing the value of reinvestments of income on bonds that were maturing. There is an average of €24.107 billion monthly in bonds held by the ECB maturing between March and November 2023. If the planned reduction is applied identically to all asset classes, the ECB will no longer use nearly €12 billion to purchase government debt. of the countries of the euro zone.
Source: DN
