ECB’s Constancio: We weren’t targeting euro exchange rate with measures

They better hope they weren’t or they didn’t do a very good job. •ECB creating incentive for banks to lend •ECB must wait to see impact of measures •We can still tweak some of the key rates, not necessarily the main rate •TLTRO must wait until Sept for logistical reasons Constancio is speaking …

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ECB’s Constancio: We weren’t targeting euro exchange rate with measures

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