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MNI EXCLUSIVE: ECB Says Sept Meeting Could Be In Person

MNI (London)

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 Friday

"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.

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