Reuters exclusively reported how European Central Bank (ECB) policymakers want to reduce banks’ reliance on central bank cash and will tailor a fresh loan facility to curb appetite. With growth slowing and business confidence fading, the ECB announced new stimulus measures last week to prop up a still-fragile economy, promising to put off raising interest rates and to give banks access to more multi-year loans from the central bank.
Reuters exclusively reports ECB will tailor new loans to reduce demand, sources say
12 March 2019, 12:00 am 1 minute
Topics of Interest: Politics
Type: Reuters Best
Sectors: FX & Fixed Income
Regions: Europe / Middle East / Africa