ECB Chief Economist Lane says PEPP and the easing of conditions under the TLTRO programme have been the two cornerstones of our monetary policy response
SourceNewsquawk
SectionECB
- Says PEPP and TLTRP design and calibration are directly linked to the evolution of the pandemic and its impact on the monetary transmission mechanism and the economic outlook
- It is essential that the macroeconomic recovery is not derailed by a premature steepening of the yield curve
- Full remarks