“The European Central Bank will be there for as long as necessary“said on Friday the member of the board of the ECB Isabel Schnabel.
Key Comments:
We’ll see all instruments.
There are reasons we have not cut rates in the past.
We have to check those reasons again now.
The ECB faces a situation different from March.
It has to discuss the intensity and pace of purchases of assets.
Monetary policy cannot do it all alone, fiscal policy is also necessary.
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Credits: Forex Street
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