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Lagarde Confirms ECB Decision Was Unanimous

ECB
Q: Now that Greek bonds are eligible, will they be included in the APP? In most euro area countries deposit rates are almost zero and well below inflation, while lending rates have risen. What can be done to change this situation?
  • A: I don’t want to deal with hypotheticals. We are in the process of fighting inflation using interest rates and reducing the balance sheet. Suffice to say Greece is eligible under PEPP without a waiver.
  • Our job at the ECB is to set the rates at which banks finance themselves. Our job is not to set the rates at which they lend, or how they remunerate deposits. This is not an area where the ECB can take action.
  • Confirms ECB decision was unanimous on this occasion.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsEuropean Central Bank (ECB) Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsEuropean Central Bank (ECB) Market News

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