Maltese governor says ECB’s policy will ‘take a while’ to hit periphery
Central Bank of Malta governor Josef Bonnici believes it will "take a while" for the European Central Bank's (ECB's) easy monetary policy to boost the supply of, and demand for, credit in the eurozone's weaker economies.
Bonnici told an audience at the Institute of Financial Services annual dinner on Friday that the transmission of monetary policy "remains weak and uneven" across the region.
Loans to the private sector in stressed countries continue to fall, he said, while the pace of that
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