Sunday, 18 April 2021

ECB’s easing measures work best in a package

FRANKFURT: The European Central Bank can provide stimulus through a number of instruments but they work best in a package, Finnish central bank chief Olli Rehn told the Eurofi Magazine.

“We can push the policy rate into negative territory, employ forward guidance on the future policy path, purchase a significant stock of assets from a variety of asset classes to lower yields and offer banks targeted loans to ease their funding costs,” Rehn was quoted as saying.

“These measures work as a package, with significant complementarities across the different instruments,” he added.

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