ECB’s Bonnici: Must assess impact of recent measures before applying new stimulus

FXStreet (Łódź) - Malta’s central bank chief and ECB Governing Council member Josef Bonnici said on Wednesday that the ECB needed to take time to evaluate the impact of the recently implemented measures before taking further action.

“At this stage one has to leave some options open,” he stressed.

The ECB cut rates to a record low in June and introduced the TLTRO program to boost EU banks and now remains in “wait and see” mode to determine whether it’s necessary to use other tools such as large-scale asset purchases.