The Governing Council of the European Central Bank (ECB) did not change its key interest rates or its very accommodative monetary policy, but reaffirmed this policy in light of the latest economic indicators, on Thursday 16 July, at its last meeting before the summer break. However, it stands ready to respond to any further deterioration in the economic situation marked by a very high degree of uncertainty about the severity of the economic impact of the Covid-19 pandemic.
“The Governing...