Economists say the losses could increase pressure on central banks to shrink their balance sheets, the FT writes. According to Wieland, "it is better to let the balance sheet decline rather quickly along with rising interest rates". In his view, the ECB's plan to reduce its almost €5tn bond portfolio by €15bn a month is moving "at a glacial speed". By keeping such a large balance sheet the ECB "opens itself up to considerable pressure from the political side", Wieland said in the interview with the FT
Financial Times: "Bundesbank warns losses from bond purchases will wipe out buffers" (€)