“We believe that the best way to achieve our monetary policy objectives is to preserve favorable financing conditions during the pandemic period.“European Central Bank chief economist Philip Lane said Monday, Reuters reported.
Additional comments:
“The Governing Council of The ECB regularly examines a wide range of measures to assess the state of financing conditions“.
“The focus on the credit conditions of the banking system on the one hand and the bond markets on the other is consistent with the main methods used by central banks.”
“If favorable financing conditions can be maintained, with asset purchase flows that do not exhaust the entire amount of the PEPP, it is not necessary to use the entire help program“.
Meanwhile, Gabriel Makhlouf, a policy maker at the ECB and governor of the Central Bank of Ireland, argued on Monday that it is unlikely that they will inadvertently exceed the 2% inflation target.
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