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The ECB might not need further stimulus – Danske Bank

FXStreet (Edinburgh) - Allan von Mehren, Chief Analyst at Danske Bank, noted the European Central Bank could refrain from implementing further easing measures.

Key Quotes

“The ECB’s Governing Council member Ignazio Visco said in an interview over the weekend that the ECB may not need to add further stimulus”.

“He added that “there has been some misunderstanding about the TLTROs because it has been conceived as a major failure”.

“The second tranche is more important than the first.... banks postponed borrowing until December”.

“As far as the Italian banks are concerned, it was exactly what we expected”.

“It may take a while for the ECB to decide on the need for more easing as it will probably await the results of the already announced measures yet to be implemented”.

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