Continuation of the QQE ● The Bank will continue with the QQE, aiming to achieve the price stability target of 2%, as long as it is necessary for maintaining that target in a stable manner. ● The Bank will examine both upside and downside risks to economic activity and prices, and make adjustments as appropriate.
In this setting the funding difficulties of firms with good growth opportunities but no direct access to the capital markets are a cause for concern. In the coming weeks the Bank of Italy will adopt measures to improve banks’ liquidity further, thereby facilitating lending to small and medium-sized firms. The range of loans eligible as collateral for Eurosystem refinancing will be extended.