“Our opinion has been that a rate cut is not the best tool to use in the current circumstances.” said the head of policy of the European Central Bank (ECB) and Governor of the Central Bank of Ireland, Gabriel Makhlouf on Friday.
Additional comments:
“The financial crisis arising from the COVID-19 hit is still a long shot, the system is resistant“.
“From my perspective, the evidence has not changed that the governing council needs to make new decisions“.
“There is nothing off the table. We have a pretty big toolkit. “
“If economies were to close again, not sure it’s exactly as bad as april or may“.
Credits: Forex Street
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