• ECB's Governing Council member Makhlouf: Now is not the time to unwind either fiscal or monetary support

Market news

11 February 2021

ECB's Governing Council member Makhlouf: Now is not the time to unwind either fiscal or monetary support

  • In the near term, the global economic outlook has deteriorated and become more uncertain
  • We cannot be complacent about potential risks to financial stability from COVID-19 impact
  • Eurozone banking sector has been resilient so far
  • Asset quality to worsen

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