ECB council member Makuch: December 11 T-LTRO take-up should be stronger

FXStreet (London) - Speaking at a quarterly press conference, European Central Bank governing council member Jozef Makuch as echoed comments made by ECB colleagues in saying that time is needed for current stimulus efforts to take effect in order to assess the need for sovereign QE.

Speaking at the event in Bratislava, the governor of the National Bank of Slovakia said that the December 11 T-LTRO should gain more traction than the September round. The central bank governor added that “Always when there are negative changes in expectations, the probability is increasing” for further ECB stimulus measures.