ecb speech, 2024-06-26
Examples include analyses that show that: (a) banks that increased their reserve holdings, following the third round of quantitative easing announced by the Federal Reserve, increased lending; (b) banks with higher excess reserve holdings grant more credit lines and take more risk; (c) the reallocation of central bank reserves towards banks with higher liquidity needs fosters credit supply; and (d) the credit supply of reserve-rich banks is less sensitive to monetary policy tightening than that of other banks.
Sentiment: neutral
Topic: mp_interest_rate