The  2  BIS central bankers’ speeches  quirks of the SCR calculation make this requirement an unlikely, unreliable tool to manage capital.
The comprehensive package of decisions taken in early March underpins the momentum of the euro area’s economic recovery and fosters the return of inflation to levels below, but close to, 2%. In particular, our measures continue to ease the cost of credit and contribute to a strengthening in credit creation. The economic recovery is gradually proceeding.