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18 Mar 2015
Success of ECB QE will depend on banks’ lending standards – ECB’s Makuch
FXStreet (Mumbai) - Speaking in the Slovak parliament on Tuesday, European Central Bank (ECB) Governing Council member Jozef Makuch said that it was too early to assess the impact of the recently-started QE program.
He also added that the overall success of the European Central Bank's (ECB) latest stimulus will depend on banks’ lending standards.
At the same time, however, he stressed that he expected the framework to be successful.
The Eurosystem banks - the ECB and the bloc's 19 national central banks - officially kicked off the sovereign bond buying program on March 9, with reports that the first bonds to be bought under the framework were German Bunds.
He also added that the overall success of the European Central Bank's (ECB) latest stimulus will depend on banks’ lending standards.
At the same time, however, he stressed that he expected the framework to be successful.
The Eurosystem banks - the ECB and the bloc's 19 national central banks - officially kicked off the sovereign bond buying program on March 9, with reports that the first bonds to be bought under the framework were German Bunds.