‘Undoubtedly, ECB will take action in December’: ECB president
18:00
There is no doubt that the ECB will take action in monetary policy in December, the ECB president Christine Lagarde said on Thursday.
"There is no doubt (...) that the circumstances will justify recalibration (of policies - PAP) and the implementation of recalibrated instruments," she said.
In a statement after Thursday's meeting, the ECB indicated that in December, based on the updated projection, it will recalibrate its instruments appropriately to respond to the developments and to ensure that favorable financing conditions are maintained to support economic recovery and counteract the declining impact of the pandemic on the forecasted path of inflation.
(PAP)
