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MNI BRIEF: ECB's BLS Good Gauge Of Restrictiveness-Schnabel

MNI (LONDON) - AThe European Central Bank’s Bank Lending Survey is a good gauge of the level of restrictiveness of monetary policy, though other indicators are also useful, Executive Board member Isabel Schnabel said on Tuesday. 

"We look at a range of things, including the Bank lending survey, which is good as it has a strong forward-looking element," she said. (See MNI SOURCES: ECB Likely To Tweak Language, Keep "Restrictive")

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MNI (LONDON) - AThe European Central Bank’s Bank Lending Survey is a good gauge of the level of restrictiveness of monetary policy, though other indicators are also useful, Executive Board member Isabel Schnabel said on Tuesday. 

"We look at a range of things, including the Bank lending survey, which is good as it has a strong forward-looking element," she said. (See MNI SOURCES: ECB Likely To Tweak Language, Keep "Restrictive")

Keep reading...Show less