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MNI BRIEF: No Doubt ECB Will Find New Tools If Needed: Lagarde

(MNI) LONDON
(MNI) London

The European Central Bank can quickly design and deploy new tools to deal with any fragmentation in the eurozone as a result of the war in Ukraine and any economic impacts, President Christine Lagarde told reporters at a post policy meeting press conference Thursday. Staff at the central bank were adept at 'thinking on their feet', Lagarde said and would undoubtedly come up with options for consideration.

Any new tool could have the same flexibility as the pandemic-related reinvestment phase of the PEPP and be a boost to policy transmission as the central bank moves along the path of normalisation, Lagarde said in response to a question from MNI.

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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