So says the ECB's monthly economic bulletin published a short while ago
- ECB stimulus policies "have successfully improved the credit conditions in the euro area and supported the on-going recovery in lending activity"
- long-term loans to banks ,QE programme "have significantly lowered yields in a broad set of financial market segments"
- non-standard measures have "helped push the intended mon pol accommodation" to households and firms
The monthly bulletin is in effect a re-hash of the ECB's statement and presser from last meeting
Full bulletin here
