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ECB Coeure: Slowdown clearly stronger and broader than expected

European Central Bank board member Benoit Coeure recently crossed the wires saying that the ECB was discussing the possibility of a new TLTRO.

Key quotes (via Reuters)

  • ECB needs to ensure new TLTRO serves right purpose.
  • Slowdown clearly stronger and broader than expected.
  • Path of inflation will be shallower.

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