In an interview with the Italian daily, Il Sole 24, on Thursday, the European Central Bank (ECB) Chief Economist Philip Lane said that the central bank is ready to use all its options to revive the economy from the coronavirus shock.
Key quotes
“ECB will do everything it can to ensure the current crisis won’t be made worse by a credit crunch.”
“When asked about a possible new interest rate cut, says asset purchases under Pandemic Emergency Purchase Programme (PEPP) have proven to be particularly effective in the current state of uncertainty, market stress.”
“Being part of eurozone will help countries such as Italy to respond to coronavirus shock.”
more to follow ….
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