Comments by ECB governing council member, Vitas Vasiliauskas

  • Says ECB has time up until September to agree TLTRO details
  • Surprised by extent of forecast revisions
  • Says that new TLTROs will not include mortgage lending

A bit of a contradictory point there to Nowotny earlier as he mentions that the details of the TLTRO-III may not come to surface until their starting point in September. Either way, it probably wouldn't make all too much difference now that the cat is out of the bag. But his other comments follow that of what we've heard from Villeroy and Nowotny earlier.