ECB's Philip Lane speaking on Bloomberg

ECB's Philip Lane speaks on Bloomberg
  • Base case for coronavirus impact on economy is V-shaped
  • Coronavirus is definitely downside risk until containment
  • Coronavirus uncertainty reigniting downside risk
  • Euro economy is growing as domestic demand increases
  • ECB sees wage growth, inflation gradually improving
  • PMI data largely in line with the latest ECB forecasts
  • Monetary policy will be slower without fiscal support
  • The only way to ensure ECB credibility is revived inflation
  • ECB is super clear that it stands ready to cut rates if needed