FRANKFURT (Reuters) – The European Central Bank is ready to take “appropriate and targeted measures” to fight the economic impact of the coronavirus outbreak, ECB President Christine Lagarde said on Monday.
“The coronavirus outbreak is a fast developing situation, which creates risks for the economic outlook and the functioning of financial markets,” Lagarde said in a statement.
“The ECB is closely monitoring developments and their implications for the economy,” she added. “We stand ready to take appropriate and targeted measures, as necessary and commensurate with the underlying risks.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.