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Monetary Policy Meeting of 29-30 April 2020
Ms Schnabel reviewed the financial market developments since the Governing Council’s previous regular monetary policy meeting on 11-12 March 2020. Although the general risk-off mood had subsided and market liquidity was progressively improving, financial markets continued to show signs of fragility, mainly along four key dimensions. First, most euro area sovereign bond spreads had widened relative to German benchmark bonds, irrespective of their credit rating. In some jurisdictions, bond spreads had temporarily returned to, or even risen above, the levels observed before the announcement of the pandemic emergency ... (full story)
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ECB minutes reiterates central bank willing to PEPP it up if needed https://t.co/pJTQkxdT2y pic.twitter.com/aCUQwvxd2y
— Newsquawk (@Newsquawk) May 22, 2020
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#ECB minutes - Banging the reform drum
— ForexFlow (@forexflowlive) May 22, 2020
It was cautioned that mon pol was not able to address problems on its own & that fiscal policy also needed to play an essential role.$EURhttps://t.co/lAO91OZ3Pd
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Gloomy ECB Minutes
— Trading Floor Audio (@TradeFloorAudio) May 22, 2020
Concerned Economic Scenarios May Become Outdated
‘Mild’ Economic Scenario Probably To Optimistic
Swift V-Shaped Recovery Could Probably Be Ruled Out#ECB #EUR