European Central Bank executive board member Schnabel: proposes to focus new structured securities portfolios on short-term securities.

European Central Bank Executive Board member Schnabel: Based on considerations of neutral stance, policy space, and financial stability, it is recommended to tilt the new structural security portfolio towards short-term securities. Before initiating structural operations, standard refinancing operations will continue. Quantitative normalization is progressing smoothly, bank liquidity conditions are strong, and excess liquidity is ample. The necessity of a neutral policy stance, maintaining policy space, and considerations related to financial stability are important factors guiding the maturity of assets purchased by the European Central Bank under the new structural security portfolio. These factors indicate a tilt towards short-term assets in the asset structure.