ECB Villeroy: Monetary policy also about quality of transmission

<p>ECB Governing Council member Francois Villeroy de Galhau said yesterday, “ensuring favorable financing conditions are the conditions for the full transmission of this accommodative monetary stance”. “Monetary policy is not only about quantities, it is also about the quality of its transmission. And it is not limited to one single indicator or one automatic rule […]</p>
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