The European Central Bank (ECB) reiterated, on Wednesday 18 March, its willingness to go further than the measures already taken by using its full range of monetary instruments to counter the economic recession that the euro area is expected to face in 2020 due to the coronavirus pandemic.
“Unanimous”, in a press release, the Governing Council stated that it “stands ready to adjust all of its measures” in order to safeguard liquidity conditions in the banking system and to ensure...