ECB's Mersch: It will probably be difficult to maintain positive growth going into Q4

Author: Justin Low | Category: Central Banks

Comments by ECB policymaker, Yves Mersch

  • Although Germany might achieve it
  • Consequences of pandemic probably have a longer duration than foreseen when we took the latest calibration decisions in the summer
  • An obvious candidate for calibration is the timeline extension
Nothing really new from Mersch, as his 'calibration' comments are largely in relation to extending PEPP stimulus - which is expected next month.

He also said that the central bank would find it difficult to maintain a dividend ban on banks beyond the end of this year, so that's a plus for European banks.

For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose