ECB Villeroy: Non-conventional becomes the quasi-conventional

<p>ECB Governing Council member Francois Villeroy de Galhau said the European economic policy was permanently changed by the coronavirus pandemic. Firstly, the “exceptional, provisional weapons will be long-lasting”. Secondly, “the non-conventional becomes the quasi-conventional. The exceptional measures like negative interest rates, quantitative easing and long-term bank loans are here to stay. The Bank of France […]</p>
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