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MNI BRIEF: All Policy Options Open In Recalibration: Lagarde

FRANKFURT (MNI)

A recalibration' of policy tools in December could involve looking at all aspects of any given tool and how all the tools the European Central Bank use will work in tandem to counter the impact of the second Covid-19 wave of infections, President Christine Lagarde said Thursday.

Answering a press conference question from MNI, Lagarde said a recalibrations would look at how well all tools operated alongside each other, how they could interact in future, what were the best durations, collaterals - -all options were open for discussion, she underlined.

As for the ECB running short of firepower, Lagarde said the ECB had been flexible in developing new tools when the first wave of the pandemic engulfed the eurozone economy and would be so again when the second wave hit.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Policy NewsCentral Bank NewsStoryCEEMEAEurozoneBriefEuropean Central BankRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Policy NewsCentral Bank NewsStoryCEEMEAEurozoneBriefEuropean Central BankRegion
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