The issue share and issuer limits under this instrument remains in place to mitigate the risk of the ECB becoming a dominant creditor of euro area governments. Notwithstanding such safeguards, we are mindful that the size of our balance sheet – the significant stock of acquired assets and reinvestments of the maturing principal payments – can have implications for market functioning and price formation.
A future – I hope – with each other. Thank you for allowing me, on behalf of the entire Executive Board of De Nederlandsche Bank, to stand before you here today and deliver this message.