ECB’s Nowotny: Decision to launch TLTRO was due to the need for careful preparation

The European Central Bank (ECB) Governing Council member, Ewald Nowotny was out on the wires in the last hour and said that the latest ECB move was the correct response and meant to send an expansionary signal. The decision to launch TLTRO in September was due to the need for careful preparation, Nowotny added further.