The European Central Bank (ECB) Governing Council member – Vitas Vasiliauskas was out with some comments in the last hour and said that the central bank acted pre-emptively, the reaction was needed. Surprised by the extent of forecast revisions, Vasiliauskas added further.
Additional quotes:
“¢ ECB has time up until September to agree on TLTRO details.
“¢ New TLTROs will not include mortgage lending.