ECB's president Lagarde: ECB will continue to support all sectors of the economy by preserving favorable financing conditions over pandemic period

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22 February 2021

ECB's president Lagarde: ECB will continue to support all sectors of the economy by preserving favorable financing conditions over pandemic period

This commitment implies looking at indicators along the whole transmission chain of our monetary policy
PEPP envelope of EUR1.85 trillion gives us considerable firepower and flexibility in conducting purchases
We will look at indicators from risk-free rates to government borrowing costs to capital markets to bank lending for firms and households
ECB is closely monitoring the evolution of longer-term nominal bond yields

U.S. Treasury Secretary Yellen: Success for stimulus would mean getting back to pre-pandemic levels of unemployment, restoring service sector jobs

U.S. Stocks open: Dow -0.59%, Nasdaq -1.19%, S&P -0.74%

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