ECB Villeroy: Monetary policy also about quality of transmission

<p>ECB Governing Council member Francois Villeroy de Galhau said yesterday, &#8220;ensuring favorable financing conditions are the conditions for the full transmission of this accommodative monetary stance&#8221;. &#8220;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 [&#8230;]</p>
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