Olli Rehn says ECB preparing stimulus package to exceed expectation

ECB stimulus packageECB stimulus package

Renta 4 | Olli Rehn, President of the Finnish central bank and member of the ECB board has said that the ECB is preparing a monetary stimulus package which should exceed market expectations and allow it to take on the slowdown confronting the Eurozone.

Among the measures will be a new debt purchasing programme or a cut in the deposit interest rate. In addition he has left the door open to ECB buying equities in a new programme or eliminating the existing 33% limit on sovereign debt acquired from each country. Moreover, he ha suggested the possibility of introducing a scaling in the deposit interest rate so that only some deposits would be subject to negative rates.