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ECB

Lagarde kicks off the ECB's central banking forum. Highlights of her opening speech include:

  • It is clear that downside risks to the economy have increased.
  • While all options are on the table, the PEPP and TLTROs have proven their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves. They are therefore likely to remain the main tools for adjusting our monetary policy.
  • developments in the exchange rate may have a negative impact on the path of inflation.

Full speech is https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp201111~d01e03eb9c.en.html.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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