- ECB's Executive Board Schnabel: Bond-buying currently more effective than negative rates
Market news
9 June 2020
ECB's Executive Board Schnabel: Bond-buying currently more effective than negative rates
- No evidence ECB bond-buying delayed economic reforms
- Lowering interest rates remain an option for future
- QE has slightly reduced wealth inequality in euro area
- Eurosystem holds about 9% of balance sheet in gold
- By focusing on the medium-term, we can adjust the speed of returning to our inflation aim
- ECB to consider pros, cons of price-level targeting
- ECB has no intention of abandoning cash
- ECB expects sizable take up of TLTTRO-III next week
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