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New
ultra-cheap loans to banks, announced as part of a broader
package by the ECB on Thursday, were not intended to offset the
cost of negative deposit rates for banks that park cash at the
ECB, but rather at encouraging lending, Villeroy said.
"Our priority, and we made a point of it, is financing the real
economy," Villeroy said at the presentation of 2015 results of
the Bank of France, where he is also the governor.
He added that the ECB's decision to buy corporate bonds
alongside government bonds already was an important step in
securing companies access to financing.
(Reporting by Leigh Thomas; editing by Maya Nikolaeva)
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