- ECB's president Lagarde: ECB will explore all options and contingencies to support economy
Market news
16 April 2020
ECB's president Lagarde: ECB will explore all options and contingencies to support economy
- Says Incoming economic data have started to show unprecedented falls
- Points to a large contraction in output in euro area
- ECB committed to do everything necessary within its mandate to fight crisis
- Recent policy actions have helped to improve conditions for funds
- Central banks have taken coordinated action to enhance provision of USD liquidity
- ECB has also agreed to swap line arrangements to provide euro liquidity
- Assessing further requests for euro-providing swap lines
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