ECB’s Nowotny: Sees major challenges for banking sector

Happy Dayz; Accommodative policy stance still needed; Must take side effects into account; Sees struggling economy, overstretched public finances; Limits of monetary policy have become obvious; May make sense to start SSM with fewer banks; Need clarity on bank resolution, fiscal backstops; Do…

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ECB’s Nowotny: Sees major challenges for banking sector

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