To support the euro area economy in the face of the second wave of the Covid-19 pandemic, the European Central Bank (ECB) will recalibrate its already very accommodative monetary policy by December at the latest.
“We have done it in the past, we’ll do it again for the second wave”, said ECB President Christine Lagarde on Thursday 29 October, after the Governing Council meeting.
Noting a “sharp increase in downside risks” for the euro area economy, the ECB will analyse the economic...