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ECB's Draghi: ABS market should grow as a result of central bank's intervention

FXStreet (Łódź) - The ECB head continues explaining the significance of the latest package of measures, saying that the September and December TLTRO operations should be assessed together.

• Even though their impact on financial markets is already visible, it's difficult to say what will their impact be on the economy.

• ABS market should grow thanks to ECB's intervention.

• The ABS market is impaired – therefore there is high potential for interventions to change dynamics.

• New package underpins forward guidance and our determination to accomplish expansionary stance over an extended horizon.

• Outright purchases will increase the size of the ECB’s balance sheet, but additional risk exposure will be limited.

• "Regarding senior securities, we would buy only those assets that are eligible for Eurosystem operations."

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