Draghi unveils new bank funding as ECB forecasts slower growth
Forward guidance extended and third round of TLTROs introduced as Draghi warns of uncertainty
European Central Bank president Mario Draghi announced a new round of measures to support the eurozone’s banks in response to what he said was a “significant” downward revision of growth estimates.
Draghi stressed that the ECB’s governing council had unanimously voted in favour of all the measures introduced today (March 6). This was a very positive sign for the cohesiveness of the governing council, he told the ECB’s press conference in Frankfurt.
The ECB kept its interest rates unchanged but
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