European Central Bank: (Un)Conventional policy measures

02-10-2012

The European Central Bank has taken a series of standard and non-standard measures throughout the financial turmoil, the global financial crisis and the eurozone debt crisis. After several measures meant to revitalise financial markets, the ECB announced its second action on the sovereign-debt market on 6 September 2012, the Outright Monetary Transactions programme.

The European Central Bank has taken a series of standard and non-standard measures throughout the financial turmoil, the global financial crisis and the eurozone debt crisis. After several measures meant to revitalise financial markets, the ECB announced its second action on the sovereign-debt market on 6 September 2012, the Outright Monetary Transactions programme.