ECB unlikely to step away from CBPP3 soon, says ECB's Bindseil

Soaring oil prices will lead to a further rise in inflation expectations which have already begun to move in the right direction. However the ECB’s Ulrich Bindseil, director general of market operations, warned on Thursday that the central bank still had a long way to go. And though it had flexibility to buy more assets under different programmes, it is not likely to slow down the overall rate of €60bn a month. And when it comes to exiting, the process is likely to be very carefully considered.