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Christine Lagarde, President of the European Central Bank, is delivering her remarks at the ECB Forum on Central Banking 2020.
“Developments in the exchange rate may have a negative impact on the path of inflation.”
“If this second wave of the virus proves to be less intense than the first, it poses no less danger to the economy.”
“Even if this second wave of the virus proves to be less intense than the first, it poses no less danger to the economy.”
“Fiscal policy has to remain at the center of the stabilization effort.”
“While the latest news on a vaccine looks encouraging, we could still face recurring cycles of accelerating viral spread and tightening restrictions until widespread immunity is achieved.”
“When thinking about favorable financing conditions, what matters is not only the level of financing conditions but the duration of policy support, too.”
“Stance function of the PEPP gives us the scope to counter the pandemic-driven shock to the path of inflation.”
“While all options are on the table, the PEPP and TLTROs have proven their effectiveness in the current environment and can be dynamically adjusted to react to how the pandemic evolves.”
“They are therefore likely to remain the main tools for adjusting our monetary policy.”
“We will continue to deliver the financing conditions necessary to protect the economy from the impact of the pandemic.”
“It is crucial that monetary policy ensures favorable financing conditions for the whole economy.”
“The economic recovery from the pandemic emergency could well be bumpy.”
