ECB WATCH | Considerable package without depo cut
Published on Thursday, March 12, 2020 | Updated on Tuesday, March 17, 2020
ECB WATCH | Considerable package without depo cut
Summary
The ECB announced a comprehensive package focused on new liquidity and additional asset purchases measures to support households and firms facing increasing uncertainty.
Key points
- Key points:
- The ECB approves a substantial package of liquidity and QE support, but is contained in its forward guidance
- Depo rates were kept unchanged, failing to meet market’s expectations
- Very strong call for an ambitious and coordinated fiscal response
Topics
- Topic Tags
- Banks
- Central Banks
- Macroeconomic Analysis
Authors
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis
Miguel Jiménez
BBVA Research - Lead Economist
Agustín García
BBVA Research - Lead Economist
Jaime Zurita
BBVA Research - Principal Economist