ECB's de Guindos: ECB currently calibrating different stimulus options

Author: Justin Low | Category: Central Banks

Comments by ECB vice president, Luis de Guindos


  • ECB will consider oil price, vaccine in December decision
  • News of vaccine bolstered sentiment, animal spirits
  • Composition of December stimulus depends on forecasts
  • The goal is to keep credit flowing
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The latest suggestion by de Guindos above seems to be that they may do less than what they intended to do given recent developments in the vaccine space.

I reckon a combination of extending PEPP stimulus and enhancing TLTROs is still the likeliest option, but perhaps they may scale back on the size of the "bazooka".

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