• ECB’s Angeloni: forward looking indicators confirm eurozone economic slowdown, signal prospects are very uncertain

Market news

13 March 2019

ECB’s Angeloni: forward looking indicators confirm eurozone economic slowdown, signal prospects are very uncertain

  • Italy’s recession is another factor weighing on euro zone economy

  • Italian recession is self inflicted, stemming from policy choices that drove up government bond yield spreads

  • higher government bond yields spreads translate into tightening of credit conditions

  • terms of new TLTRO tenders will be defined in best possible way to stimulate financing of real economy

  • ECB ready to intervene if necessary

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