SME lending is focus of ECB meeting

The focus of tomorrow’s ECB meeting will be whether the bank unveils a “big bazooka” to boost SME lending across the region.

Last month, the ECB cut the official interest rate from 0.75% to a historically low 0.5%. It is unlikely that there will be any further interest rate cuts for the remainder of this year.

But ECB president Mario Draghi has noted on a number of occasions that credit transmission throughout the eurozone remains fragmented.