ECB Watch: ”Wait-and-see stance on both monetary policy and non-standard measures”
Published on Friday, February 10, 2012
ECB Watch: ”Wait-and-see stance on both monetary policy and non-standard measures”
Policy rate unchanged; no further steps on non-standard measures. Mr. Draghi encourages a large demand for the 3Y LTRO as there is no stigma associated with using these facilities. It seems that the ECB could participate in the Greek PSI provided that it sells its holdings to the EFSF without a loss.
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