Market news
11.11.2020, 13:41

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

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