ECB Will Act If Fed Taper Creates Spillovers, Lane Tells Reuters

The European Central Bank is prepared to respond to any market disruptions that may arise when the Federal Reserve starts to unwind monetary stimulus, ECB Chief Economist Philip Lane told Reuters.

“The ECB is not a passive bystander,” Lane said in an interview. “If there are spillovers to euro-area financing conditions, we are willing and able to move as appropriate, as we have already demonstrated.”