-
Lane: The ECB’s monetary policy response to the pandemic: liquidity, stabilisation and supporting the recovery
Today, I will discuss the impact of the monetary policy measures taken by the ECB in response to the pandemic emergency on euro area financial conditions and the outlook for growth and inflation.[1] As I will explain, our measures have been an effective and efficient reaction to the COVID-19 crisis by boosting liquidity, stabilising financial markets and supporting the recovery. Let me briefly recall the unprecendented challenges that warranted a decisive monetary policy response. The European and world economies are experiencing an extraordinary and severe contraction. The measures taken to contain the spread of the ... (full story)