ECB’s president Lagarde: There should be no undue constraints on ECB policy response

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8 May 2020

ECB’s president Lagarde: There should be no undue constraints on ECB policy response

Common European fiscal response is highly desirable
It needs to be swift, sizeable and symmetrical
Bank lending in March was the largest on record
Government financing need may exceed 10% of GDP this year
ECB will play its full part within its mandate

Court of Justice of the European Union (ECJ) says that only it "has jurisdiction to rule that the act of an EU institution is contrary to EU law"

AUD/USD: The lack of global recovery is the Aussie's Achilles heel – Westpac

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