{"id":74949,"date":"2022-11-02T00:47:00","date_gmt":"2022-11-01T20:47:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=74949"},"modified":"2022-11-02T03:03:36","modified_gmt":"2022-11-01T23:03:36","slug":"ecb-could-shrink-bond-portfolio-next-january","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/ecb-could-shrink-bond-portfolio-next-january\/11\/02\/market-updates\/","title":{"rendered":"ECB could shrink bond portfolio next January"},"content":{"rendered":"\n<p>According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. <br><br>&#8220;We should start shrinking our bond portfolio at the beginning of next year, for example by allowing existing bonds to expire in a market friendly way,&#8221; Frankfurter Allgemeine Zeitung quoted Nagel as saying on Tuesday in an interview.<br><br><br>Nagel, asked about future rate hikes, also said: &#8220;There&#8217;s still a long way to go. I am convinced that this is not the end of the rate hikes.&#8221;<br><br>Meanwhile, the US dollar index which measures the US dollar against six rival currencies, including the Euro, was slightly lower at 111.49 and the euro traded flat at 0.9870.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bundesbank President Joachim Nagel, the European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year. &#8220;We should start shrinking our bond portfolio at the beginning of next year, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":71073,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6923,9357,8899],"class_list":["post-74949","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-ecb","tag-nagel","tag-rate-hikes"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74949","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=74949"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74949\/revisions"}],"predecessor-version":[{"id":74953,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/74949\/revisions\/74953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/71073"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=74949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=74949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=74949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}