Upcoming ECB Decision Aims to Keep Credit Flowing in Pandemic

The European Central Bank’s main goal will be to keep credit flowing to the economy through the pandemic when it takes crucial decisions on supervision and monetary policy in the coming weeks, according to Vice President Luis de Guindos.

The institution is currently considering multiple options to add monetary stimulus in December, he said in a Bloomberg TV interview, pointing to emergency asset purchases as the “core element” of the ECB’s fight against the crisis. The supervisory arm will have to decide on whether to allow banks to restart paying dividends, after issuing a de-facto ban this year to preserve capital buffers, he said.