The European Central Bank’s (ECB) Governing Council will stand ready to adjust the PEPP and other tools at the June meeting, the accounts of the ECB’s April monetary policy meeting showed. Additional takeaways “The view was widely shared that the Governing Council’s monetary policy measures had provided forceful monetary accommodation.” “It was cautioned that monetary policy was not able to address these problems on its own and that fiscal policy also needed to play an essential role.” “It was felt that the longer the crisis endured, the more the risk of financial amplification effects would increase.” “Looking beyond the immediate disruption stemming from the coronavirus pandemic, euro area growth was expected to resume.” “The ECB needs to stand ready to adjust its monetary policy stance as appropriate and also to ensure the functioning of transmission across the euro area.” Market reaction The EUR/USD pair largely ignored this statement and was last seen losing 0.4% on the day at 1.0905. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold eases from tops, still well bid around $1735 level FX Street 3 years The European Central Bank's (ECB) Governing Council will stand ready to adjust the PEPP and other tools at the June meeting, the accounts of the ECB's April monetary policy meeting showed. Additional takeaways "The view was widely shared that the Governing Council’s monetary policy measures had provided forceful monetary accommodation." "It was cautioned that monetary policy was not able to address these problems on its own and that fiscal policy also needed to play an essential role." "It was felt that the longer the crisis endured, the more the risk of financial amplification effects would increase." "Looking beyond the immediate disruption stemming… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
