Santander’s Botin to ECB: Your Monetary Policy Isn’t Working
Banco Santander SA Chairman Ana Botin said the European Central Bank faces a challenge as it launches its historic strategic review: monetary policy in the region isn’t working.“What they are trying to do, is basically you lower rates and there is more demand for credit,” Botin said in an interview with Bloomberg TV in Madrid on Wednesday after the bank published earnings. “But that’s not working. As a matter of fact, actually, in a lot of countries, loans are coming down.”
