MNI BRIEF: ECB Must Ensure Favorable Finance Conditions: Lane

The European Central Bank will ensure monetary policy continues to have a clear role ensuring the preservation of favourable financial conditions in the euro area Chief Economist Philip Lane said Thursday.

Lane said this will remain an "essential priority even in the post-pandemic phase", given that the hit to the economy from Covid-19 is likely to persist even after vaccines and improved treatments have been rolled out. Only by ensuring favourable financial conditions will a bounceback be assured and, by countering the "negative impact of the pandemic on the projected inflation path", will robust convergence to the ECB's medium-term inflation aim be met.