Remarks by ECB governing council member, Olli Rehn

  • ECB may need to consider recalibration of TLTROs
  • PEPP, bank loans are top tools for stimulus
  • Calls EU standoff on recovery fund 'irresponsible'

A bit more suggestion that these are the weapons of choice that the ECB will be going with in their December meeting. As mentioned before, a rate cut is very unlikely given the risk-reward tradeoff at this stage.

There will be more ECB speakers to come later today as Eamonn highlighted here.