In fact, MSMEs are considered as a seedbed for nurturing entrepreneurial skills and new ideas. MSMEs therefore are critical engines of economic growth and development. The entry of large banks to the SME sector therefore ...is a most welcome development. Globally, providing SMEs access to finance is gaining renewed momentum.
Following our regular economic and monetary analysis, we continue to judge the current stance of monetary policy as appropriate to preserve price stability over the medium term. Accordingly, we have decided to leave the key ECB interest rates unchanged at their low levels. The available indicators point to an ongoing economic recovery in the euro area. This assessment has not fundamentally changed.