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MNI BRIEF: PEPP, TLTROs Main Recalibration Tools: De Guindos

(MNI) LONDON
LONDON (MNI)

The European Central Bank will recalibrate is main policy tools in December, focusing mainly on the Targeted Longer-tern refinancing operations (TLTRO) and the pandemic emergency purchase program (PEPP), Vice President Luis de Guindos said in an interview published at the weekend.

"These are the two main tools if the situation gets darker," de Guindos told Helsingin Sanomat, although he acknowledged the arrival of vaccines "brings hope regarding the medium-term outlook".

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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