Consolidating european contact centre operations


04-Jul-2020 22:45

By doing so, we reduced the cost of borrowing in order to support investment and consumption.To amplify the impact of the rate cuts, we also issued forward guidance on the likely path of key interest rates.They began in March and are expected to continue until the end of September 2016.In any event, they will continue until the Governing Council sees a sustained adjustment in the path of inflation that is consistent with its goal of achieving rates below, but close to, 2% over the medium term.The OMT tool has not been used, but it still could be if fears of the single currency’s integrity resurface.More recently, to help stimulate the flow of financing to the economy, the Governing Council decided on new unconventional measures to support the provision of credit.

Despite this progress, the growing threat of prolonged weakness in inflation has made new measures necessary.

We gave banks access to five-year refinancing operations on the condition that, in exchange, they boost their lending to the real economy.



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