The ECB’s monetary policy stance At our last monetary policy meeting in early June, we also conducted a joint assessment of the developments in financing conditions taking into account the updated inflation projections. Borrowing conditions for firms and households have remained broadly stable, although market interest rates have increased further since March.
Yet from the perspective of the home country supervisor, introducing an appropriate supervisory apparatus is important to monitor the activities of these banks and to enhance the host supervisor’s understanding of the global institution and supervisory framework in the home country market.