TLTRO II may reflect renewed ECB focus on transmission, analysts say
Draghi refused to rule out ‘helicopter drops’ but difficulties may be insurmountable
The policies unveiled by Mario Draghi yesterday (March 10) may reflect a renewed focus from the European Central Bank (ECB) on improving the transmission channels of monetary policy, analysts have said.
Draghi's announcement that the ECB would run a second round of targeted long-term refinancing operations (TLTRO II) chimes with a speech he made to a European parliamentary committee on February 15.The ECB's governing council, Draghi said then, would "analyse the state of transmission of our
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