Economics
ECB Is Flexible and Could Do More If Needed, Officials Say
- France’s Villeroy: ECB will do more within mandate if needed
- ECB has “open mind” in responding to tensions: de Guindos
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The European Central Bank could take further action if needed to support the euro area through the economic crisis sparked by the coronavirus outbreak, policy makers at the institution said.
The central bank has already unleashed a barrage of support over the past few weeks to cushion countries across the bloc, including committing to spend more than 1 trillion euros ($1.1 trillion) on public and private debt this year. Yet even with such an unprecedented monetary boost, tensions are growing on markets and policy makers expect inflation will likely remain below the ECB’s 2% target for a long time.