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ECB says it ‘stands ready’ to act amid coronavirus uncertainty

March 2, 2020


The European Central Bank (ECB) has become the latest to hint at monetary policy action in a bid to mitigate the potential economic fallout from the coronavirus outbreak.

“We remain vigilant and will closely monitor all incoming data. Our forward guidance steers the orientation of our monetary policy,” ECB Vice President Luis de Guindos said at a speech in London on Monday.

“In any case, the Governing Council stands ready to adjust all its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner.”

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