The pandemic also provides an opportunity to reassess how we will organize our economy in the future.
The president of Banco Central Europeo (ECB), Christine Lagarde, has not addressed the issue of current monetary policy in his speech at an online event organized by the European Banking Congress on Friday.
“The coronavirus pandemic (COVID-19) has focused minds on the here and now, in saving lives and securing livelihoods. ”
“Our immediate priority has been to protect the economy until generalized immunity is achieved. ”
“But nevertheless, the pandemic also provides an opportunity to reassess how we will organize our economy in the future“.
His keynote speech was more related to green finance and climate change, and therefore it is not surprising that there are no monetary policy clues.