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--Covid Developments Permitting, Council Could Reconvene In Frankfurt
FRANKFURT (MNI) - September's monetary policy meeting of the European
Central Bank's Governing Council could be the first to be held face-to-face
since lockdown conditions were imposed, an ECB spokesperson confirmed to MNI
"The ECB is considering to begin holding physical Governing Council
meetings again as of September, but will err on the side of caution taking into
account Covid-19 developments," the spokesperson said.
The Governing Council last met in person to discuss the ECB's response to
the crisis in March. Governors are now planning to travel to Frankfurt following
the August break, several eurosystem sources had said.
While such a meeting is expected to take place in the autumn, "there would
be a general return to physical meetings only for the big Governing Council
meetings," one official told MNI. "Shorter meetings, which are just a Wednesday
afternoon, could continue in virtual format.
--MNI London Bureau; tel: +44 203-586-2225; email: firstname.lastname@example.org