Economics
ECB Urged Swift Analysis, No Hasty Decision on New Lending
- Officials tee up their March meeting for a proper assessment
- Central banks are treading cautiously amid global uncertainty
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European Central Bank officials are setting up their meeting in two weeks as a key session to decide if the euro-area slowdown is bad enough to warrant action.
Policy makers have demanded that analysis on long-term loans for banks is done quickly, though they haven’t fully committed to implementing a new round of funding. Given that more than 700 billion euros ($795 billion) of existing loans will mature next year, they said they’ll give “some consideration’’ to the issue.