Europe is facing a difficult quarter amid surging coronavirus cases and government lockdowns, the European Central Bank (ECB) Chief Economist Phillip Lane said on Tuesday. Additional quotes “The ECB will do its part to keep borrowing costs ultra-low.” “It’s going to be a long quarter.” “It’s a contest between progress and vaccinations and other medical progress versus the near-term challenge of trying to get this virus under control.” Playing down the recent rise in the bond purchases under PEPP, Lane said that there would be a “substantial increase in a consistent way” over a longer period. “It is an important issue for European policymakers to reflect upon — how to calibrate the European fiscal response, and to make sure it’s sufficient to get through this pandemic.” Related reads EUR/USD drops to session lows near 1.1920, looks to Powell Germany’s Merkel on coronavirus: We are in a very serious situation now 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 EUR/USD still seen between 1.1840 and 1.2000 – UOB FX Street 1 year Europe is facing a difficult quarter amid surging coronavirus cases and government lockdowns, the European Central Bank (ECB) Chief Economist Phillip Lane said on Tuesday. Additional quotes "The ECB will do its part to keep borrowing costs ultra-low." "It's going to be a long quarter." "It's a contest between progress and vaccinations and other medical progress versus the near-term challenge of trying to get this virus under control." Playing down the recent rise in the bond purchases under PEPP, Lane said that there would be a "substantial increase in a consistent way" over a longer period. "It is an important… 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.
