Bloomberg News

Nowotny Sees No Need to Reactivate SMP for Time Being

February 27, 2012

Feb. 27 (Bloomberg) -- European Central Bank Governing Council member Ewald Nowotny said the ECB’s government bond- purchase program is “on hold for the time being” and he sees “no need to activate it” for now.

At the same time, “it makes no sense to abolish it” and it “should be kept in reserve,” Nowotny said in London today.

To contact the reporter on this story: Oliver Joy in London at

To contact the editor responsible for this story: Gabi Thesing at

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