Re near-term monetary policy... this is the.....>

ECB: Re near-term monetary policy... this is the main bit from a speech by ECB

Pres Lagarde now in Paris, nothing earth-shattering: "though GDP growth in the

last quarter was weak, it was broadly in line with our expectations. But while

the threat of a trade war between the United States and China appears to have

receded, the coronavirus adds a new layer of uncertainty. So we're continuing to

monitor closely how these risks develop and how they feed into our central

scenario for the economy. In the face of these uncertainties, the ECB's forward

guidance on interest rates and asset purchases acts as an effective automatic

stabiliser."

- Full link:

https://www.ecb.europa.eu/press/key/date/2020/html/ecb.sp200205_1~cc8a8787f6.en.

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