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Capital Economics

The leading macroeconomic research consultancy

ECB Watch

ECB Watch

Close to the limit?

Following the apparent success of the ECB’s recent LTROs, the Governing Council meeting on April 4th is unlikely to produce any further significant policy measures. While acknowledging the ECB’s duty to support the euro-zone’s banks, President Mario Draghi is likely to emphasise again that addressing the broader economic and fiscal crisis is the responsibility of the region’s governments, not the ECB.

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