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The ECB Tweets the following from its...........>

ECB
ECB: The ECB Tweets the following from its official account, by way of
clarification of comments in the post-decision press conference by Pres Lagarde
(presumably addressing concern over her comments on spreads which triggered a
periphery EGB blowout):
- "Lagarde in CNBC interview: I am fully committed to avoid any fragmentation in
a difficult moment for the euro area. High spreads due to the coronavirus impair
the transmission of monetary policy...And as I said in the press conference, we
will use the flexibility embedded in the asset purchase programme, including
within the public sector purchase programme...The package approved today can be
used flexibly to avoid dislocations in bond markets, and we are ready to use the
necessary determination and strength."

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