- ECB's Governing Council member de Cos: QE rather than rate cut is best response to virus situation
Market news
13 March 2020
ECB's Governing Council member de Cos: QE rather than rate cut is best response to virus situation
- Says ECB still has room to act, not at lower-bound
- ECB could buy more Italian debt if necessary
- Yesterday's decision not to cut rates was the right one as shock is considered temporary
- Does not rule out rate cuts if situation worsens
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