Economics
ECB Moves Closer to Global Dovish Shift as Coeure Mulls Loans
- Notes stronger slowdown, says new longer-term loans possible
- Fed has already shifted gear by pausing its rate hikes
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The European Central Bank took a step closer to injecting fresh stimulus into the weakening euro-area economy as one of its top policy makers said discussions are under way on offering banks new long-term loans.
The comments by Benoit Coeure, the ECB Executive Board member in charge of markets, provided the strongest signal yet that euro-area policy makers are considering another round of funding. He also echoed ECB President Mario Draghi that there must be a monetary policy case for such action.