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More from the Lane interview: - Q: The.........>

ECB
ECB: More from the Lane interview: 
- Q: The German Constitutional Court just declared the debt purchase programme
launched by Mario Draghi to be partially unconstitutional. Although this verdict
does not explicitly mention the new bond purchases launched in response to the
pandemic, doesn't it significantly reduce the ECB's room for manoeuvre in future
decisions?
- A: No, I don't agree with that. Following the judgment of the German Federal
Constitutional Court, we said that we remain focused on our mandate. Whenever we
act, whether through interest rates or asset purchases, our aim is to ensure
price stability over the medium term. We are certain that everything we do is
necessary to fulfil our mandate. And we will do what we have to in order to
fulfil our mandate.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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