MALAGA, Spain (MNI) – The European Central Bank has not yet
considered in detail an exit from its non-conventional measures and
wants to draw conclusions from its long-term refinancing operations,
Executive Board member Jose Manuel Gonzalez-Paramo said Friday.

“The ECB has not discussed it in detail, because we are still
examining the effects of the two LTROs,” Gonzalez-Paramo told
journalists on the margins of speaking engagement here. This analysis
“is still not complete.”

Ask about the possibility of a third LTRO, he said, “We never spoke
of three LTROs.”

While noting the risk to price stability from costly oil, which the
ECB is following closely, Paramo said he was confident that medium-term
inflation expectations would remain well anchored.

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