No new support for the steps The ECB is taking a breather

The ECB shall, after the recent massive support steps to curb the Corona-crisis-a pause for breath. However, the guardian of the currency, Central Bank Chief Ch

No new support for the steps The ECB is taking a breather

The ECB shall, after the recent massive support steps to curb the Corona-crisis-a pause for breath. However, the guardian of the currency, Central Bank Chief Christine Lagarde stated after its interest rate meeting on Thursday, the European Central Bank was ready, if necessary, all their instruments to adapt. The Euro-guards had loosened their monetary policy in view of the unprecedented economic downturn in the Wake of the Corona-crisis in the past few months, several times a strong. Only in June, you increased your large emergency response bond program PEPP purchase of 600 billion euros to 1.35 trillion euros. In addition, the purchases have been extended until at least the end of June 2021.

The latest economic data and Economic sentiment for the Eurozone have recently signalled a recovery in the economy. Several policymakers have also voiced the assessment that the Euro area have now probably bottomed out. A clearer picture will have the Euro-guard is probably at its interest rate meeting in September.

Then it should be clear how deep the economy has crashed due to the crisis. Then there will be more information on how the EU member States shape the future of Finance. In addition, the latest economic projections of the in-house ECB economists are. Thus, it would be better to estimate how quickly the economy will recover and whether to provide more monetary help is needed.

Updated Date: 16 July 2020, 21:19

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