The latest monetary data confirm that the ECB’s earlier liquidity operations have yet to boost lending to the private sector, which will add to the pressure on the Bank to do more. As well as buying more government bonds as promised, the ECB should consider policies aimed specifically at getting funds to firms and households.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services