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- ECB's president Lagarde: ECB's actions are proportionate to severe risks to our mandate that we are facing
ECB's president Lagarde: ECB's actions are proportionate to severe risks to our mandate that we are facing
- Covid 19 pandemic and measures to contain the spread of the virus, have caused an unprecedented contraction of economic activity in the euro area
- Financial conditions are still tighter today then at the outset of the Covid 19 pandemic
- ECB's decisions will make sure that higher borrowing needs by fiscal authorities associated with the necessary fiscal response to the crisis, will not translate into materially higher interest rates for the private sector
- ECB's crisis related measures are temporary, targeted and proportionate
- ECB continually monitors the proportionality of its instruments
- We remain fully committed to our mandate
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