- need to remain vigilant to potential over reactions
- TLTRO’s have weaknesses
Bundesbank chief comments on Bbg from interview in German daily newspaper Boersen-Zeitung
Add:
- against loose monetary policy for longer than necessary
That we took unconventional measures is both down to the fact that we have almost used up the room to cut rates and that we wanted to ensure that our expansive monetary policy came through to the real economy
