Economic Slowdown Has Surprised Us, Says ECB's Coeure

The transcript covers discussions on economic uncertainties, particularly those related to global trade and Brexit. It explores the ECB's rate guidance and market expectations, highlighting the tools available to the ECB, including TLTROs. The dynamics of the ECB's Governing Council and the role of its President are also discussed, emphasizing the importance of consensus building.

What conditions would the ECB need to consider offering a new round of long-term loans?

How does the personality of the ECB President influence the Governing Council's decisions?

What is the significance of consensus-building within the Governing Council?