monetary policy

21 Jun: The ECB plans to maintain supportive monetary policy, Ms Lagarde tells MEPs

(Source: European Parliament)

The Economic and Monetary Affairs Committee quizzed the ECB President about economic stimulus stemming from negative interest rates and plans for the pandemic emergency purchase programme.

During the monetary dialogue on Monday evening, the ECB’s President Christine Lagarde assured ECON MEPs that, while the EU’s economic outlook is improving, the ECB will continue the pandemic emergency purchase programme to preserve favourable financing conditions in order to support economic recovery. The economy will continue to be financed during the crisis, she said.

Apart from keeping favourable lending conditions in order to support the EU economy while it emerges …