Economics
ECB Emphasizes Next Stimulus Focused on Bond-Buying and Loans
- Bank of Spain governor echoes signals from President Lagarde
- Board member Mersch says existing toolkit served purpose well
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European Central Bank policy makers signaled that they’re coalescing around emergency asset purchases and long-term bank loans as their main options for boosting monetary stimulus next month.
Bank of Spain Governor Pablo Hernandez de Cos, Executive Board member Yves Mersch and Vice President Luis De Guindos all echoed President Christine Lagarde’s signal that the Pandemic Emergency Purchase Program and an ultra-cheap credit facility for lenders are the key candidates to be expanded or extended when the institution meets in December.