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Monetary Policy Meeting of 3-4 June 2020
Ms Schnabel reviewed the financial market developments since the Governing Council’s monetary policy meeting on 29-30 April 2020. Three key conclusions could be drawn on the basis of recent market developments. First, the ECB’s monetary policy measures, together with the Franco-German recovery fund proposal which was subsequently broadly taken up in the package proposed by the European Commission, had reduced downside tail risks for the euro area. A drop in coronavirus (COVID-19) infection numbers and further large fiscal stimulus measures in other advanced economies had added to the improved sentiment. Second, ... (full story)
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ECB: IN THE ACCOUNT OF JUN. 4TH MEETING THE PEPP WAS A MEASURE WHICH WAS PROPORTIONATE TO COUNTER THE SERIOUS RISKS TO PRICE STABILITY, THE MONETARY POLICY TRANSMISSION MECHANISM AND THE ECONOMIC OUTLOOK IN THE EURO AREA, WHICH ARE POSED BY THE OUTBREAK AND ES.
— Breaking Market News (@financialjuice) June 25, 2020
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ECB ACCOUNTS: THERE WAS NOW AMPLE EVIDENCE THAT ASSET PURCHASE PROGRAMMES IN GENERAL AND THE PSPP, IN PARTICULAR, HAD PROVEN EFFECTIVE.
— Breaking Market News (@financialjuice) June 25, 2020