The conditions for a relatively quick and robust rebound rest on the success in containing the virus within a reasonable horizon, and a well-calibrated economic policy response.
The European Central Bank (ECB) didn’t follow other major central banks and refrained from cutting interest rates in response to the coronavirus outbreak. This signals a shift in the central bank’s preferred policy tools – read more.
By Konstantin Veit |
The ECB’s next meeting will be Christine Lagarde’s first real test as new ECB president. This marks an end to a honeymoon-like period in which she was planning to focus on the central bank’s strategic review.
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