11 novembro 2020
ECB's president Lagarde: PEPP, TLTROs likely to remain the main tools for adjusting our monetary policy
- When thinking about favourable financing conditions, what maters is not only the level of financing conditions but the duration of policy support
- Recovery from a services-led recession tends to be slower than from a durable-goods led recession
- All options are on the table
- We will continue to deliver the conditions necessary to protect the economy from impact of pandemic
- It is crucial that monetary policy ensures favourable financing conditions for the whole economy
- The recovery from the pandemic could be bumpy
- Developments in exchange rate may have negative impact on the path of inflation
- Even if second wave proves to be less intense, it poses no less danger to the economy
- Fiscal policy has to remain at the centre of the stabilization effort