Further easing measures favor unconventional measures over rate cuts
Published on Friday, March 11, 2016 | Updated on Monday, March 14, 2016
Further easing measures favor unconventional measures over rate cuts
Summary
The ECB cut rates to record lows, increased the size -and widened the scope - of its APP and introduced a new round of (attractive) TLTROs. The Staff revised its inflation projections significantly downwards, as expected. The ECB remains vigilant and ready to act if necessary, favoring further “unconventional measures” over (not-excluded) additional rate cuts.
Topics
- Topic Tags
- Central Banks
- Financial Markets
Authors
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis
Agustín García
BBVA Research - Lead Economist
Olga Gouveia
BBVA Research - Lead Economist
Miguel Jiménez
BBVA Research - Lead Economist
María Martínez
BBVA Research - Principal Economist
Alejandro Neut
BBVA Research - Lead Economist
Documents and files
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