ECB Officials Play Down Possibility of Long-Term Loans
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European Central Bank policy makers played down market expectations that a new round of long-term loans is imminent, even after President Mario Draghi indicated that he’s ready to provide funds to banks if needed.
“There has been no specific discussion on what the right instrument would be in case there would be a need for the ECB to act,” Executive Board member Benoit Coeure said at an event at the Bank of Finland in Helsinki today. “There is a clear commitment by the governing council of the ECB to make sure the liquidity we issue will remain ample.”