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MNI BRIEF: ECB 'Monitoring' Ukraine Developments

(MNI) London

The European Central Bank is 'closely monitoring the implications' of overnight events in the Ukraine, an official spokesperson said Thursday. At present, policymakers are set to 'conduct a comprehensive assessment of the economic outlook' when they meet on March 10.

This, the spokesperson added, 'includes the recent developments in the geopolitical area.' As for sanctions, the central bank said 'they are decided by the EU and the European governments. The Eurosystem will implement them.’

ECB Governing Council members are also due to meet in Paris later Thursday, where they are gathering for the EU finance and economy ministers meeting on Friday, with current events certain to top the agenda.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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