Lagarde: The central bank will focus on increasing debt purchases and low-interest loans to support the economy

Original title:[Global Water Release]Lagarde: Central Bank will focus on increasing debt purchases and low-interest loans to support the economy

European Central BankPresidentLagarde said Wednesday (11) that, in formulating a new economic stimulus plan next month, the central bank will focus on paying attention to the extent of additional emergency debt purchases andbankProvide moreLow interest loanTo help the economy hit by the epidemic.

Lagarde also pointed out that as the second wave of the outbreak forced countries to adopt new restrictions on economic activities, for now,EURThe district inflation rate may remain at a negative value for longer than expected, while the central bank’s emergency bond purchase plan (PEPP) andlongRefinancing operations (T.LTRO) It is the main instrument of the central bank.

Lagarde stressed the duration of political support to ensure that financing conditions in all sectors of the economy remain exceptionally favorable, suggesting that the central bank could significantly extend the policy.

Lagarde also said that while the latest vaccine news is encouraging, they may still face the possibility of accelerating the spread of the epidemic, reactivating restrictions and until widespread immunization is achieved.

(Article Source: Economic Link China Station)

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