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ECB to delve into what 'favourable financing' means as questions mount: sources

From reuters.com

European Central Bank policymakers are set to delve deeper at their next meeting into how they measure borrowing costs in the virus-hit euro zone economy after failing to reach an agreement this week, four sources told Reuters. The ECB has pledged to maintain “favourable financing conditions” to help the bloc recover from the economic shock of the pandemic, but it has never spelled out how those are measured. The issue is crucial as it determines how many bonds the ECB will buy under its pandemic-fighting scheme, which is the object of some market speculation after the bank said on Thursday it did not need to exhaust ... (full story)

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  • Category: Fundamental Analysis