• ECB's executive board member Schnabel: ECB stimulus should sustain, not ease financial stance

Market news

1 December 2020

ECB's executive board member Schnabel: ECB stimulus should sustain, not ease financial stance

  • ECB is considering PEPP extension by 12 months as one of the options
  • ECB may consider longer duration of favourable TLTRO rate
  • ECB isn't obliged to do what markets expect from us
  • Euro area Q4 economic contraction is very likely
  • Stimulus must reflect more protracted pandemic crisis

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