Published on Friday, March 11, 2016 | Updated on Monday, March 14, 2016

Further easing measures favor unconventional measures over rate cuts

The ECB cut rates to record lows, increased the size -and widened the scope - of its APP and introduced a new round of (attractive) TLTROs. The Staff revised its inflation projections significantly downwards, as expected. The ECB remains vigilant and ready to act if necessary, favoring further “unconventional measures” over (not-excluded) additional rate cuts.

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