MNI BRIEF: ECB Short-Term Challenge Operational Framework -BOP

The European Central Bank is entering in a period of greater normality, but challenges ahead include defining the new operational framework for monetary policy, including the question of a  structural bond portfolio, new Bank of Portugal Governor Alvaro Santos Pereira said in a speech on Monday.

In his first public appearance as governor, Santos Pereira said that the ECB will soon need to define its new long-term liquidity operations, and how it will implement a structural asset purchase programme. (See MNI SOURCES: Doubts Over EU Carbon Pricing Key For ECB Rates)