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unica citazione del tltro Looking ahead, it was felt that some consideration should be given to the outlook for liquidity conditions in the banking sector, as the redemptions of outstanding targeted longer-term refinancing operations were approaching, which might give rise to “cliff effects”.
ECB releases its account of the January monetary policy meeting
- Eurozone growth could be below potential for several quarters - Probability of recession is low, but levels of uncertainty are high - Unclear how long growth dip will last or if it impacts the medium-term - Concerned that weakness could affect inflation expectations - Market pricing shift for rate hike is in-line with forward guidance - Forward guidance has served the ECB well - Plans swift analysis of TLTRO, warns against 'hasty' decision on the matter
1331 ecco le minute bce maninblack | 21 feb : 13:35