The European Central Bank (ECB) Chief Economist Philip Lane said that the purchases of stocks or bank bonds to combat the coronavirus pandemic impact is not in the central bank’s toolbox, In an interview with the German newspaper Sueddeutsche Zeitung over the weekend. Key quotes “The ECB and the Eurosystem have many excellent monetary economists, so everything is considered at some level.” “But these measures are not part of our current toolbox. Our active toolbox is a combination of our short-term rates, asset purchases, targeted lending and our forward guidance.” Market reaction EUR/USD trades on the back foot amid the downbeat market mood, holding above 1.2100 on the first day of a new trading month. EUR/USD Price Analysis: Bears in top at monthly resistance 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 USD/JPY Price Analysis: Sidelined near 104.70, technical bias remains bullish FX Street 1 year The European Central Bank (ECB) Chief Economist Philip Lane said that the purchases of stocks or bank bonds to combat the coronavirus pandemic impact is not in the central bank’s toolbox, In an interview with the German newspaper Sueddeutsche Zeitung over the weekend. Key quotes “The ECB and the Eurosystem have many excellent monetary economists, so everything is considered at some level.” “But these measures are not part of our current toolbox. Our active toolbox is a combination of our short-term rates, asset purchases, targeted lending and our forward guidance.” Market reaction EUR/USD trades on the back foot amid the… 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.
