ECB's Governing Council member Knot: Monetary policy must play a key role in the recovery phase

Market news

21 April 2020

ECB's Governing Council member Knot: Monetary policy must play a key role in the recovery phase

Immediate response to virus was decisive and comprehensive
We must avoid bankruptcy of solvent firms, illiquid firms and governments
Pan-European response is needed
ECB policy is directed at maintaining favourable financing conditions for households, firms and governments, to mitigate any amplification
Coronavirus may speed up deglobalisation

OPEC debates possible May 10 meeting to discuss additional oil production cuts, beyond those agreed with U.S. and Russia - WSJ reports

U.S. existing-home sales drop more than expected in March

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