• ECB's Executive Board Schnabel: Bond-buying currently more effective than negative rates

Notícias do Mercado

9 junho 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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