ECB accounts: Extension of PEPP and recalibration of TLTRO III most suitable tool

<p>In the accounts of December 9-10 monetary policy meeting, ECB noted “market sentiment had improved notably following the news of the successful development of vaccines and on account of expected monetary policy measures.” But uncertainty “remained high” and concerns were voiced over exchange rate developments, and the “negative consequences for the inflation outlook.” The resurgence […]</p>
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