Lagarde signals Covid-19 stimulus will remain active for longer
Asset purchases and bank lending programmes will be key ECB tools; rate cut not mentioned
European Central Bank president Christine Lagarde indicated today (November 11) that the evolution of the Covid-19 crisis requires the ECB to provide stimulus for longer.
“When thinking about favourable financing conditions, what matters is not only the level of financing conditions, but the duration of policy support, too,” said Lagarde at the ECB Forum on Central Banking.
“All sectors of the economy need to have confidence that financing conditions will remain exceptionally favourable for as
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