- ECB's chief economist Lane: Coronavirus is definitely downside risk until containment
Market news
21 February 2020
ECB's chief economist Lane: Coronavirus is definitely downside risk until containment
- Base case for coronavirus impact on economy is V-shaped
- Coronavirus uncertainty reigniting downside risk
- Euro economy is growing as domestic demand increases
- ECB sees wage growth, inflation gradually improving
- PMI data largely in line with the latest ECB forecasts
- Monetary policy will be slower without fiscal support
- The only way to ensure ECB credibility is revived inflation
- ECB is super clear that it stands ready to cut rates if needed
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