ECB MEETING PREVIEW & EURO FORECAST: CORONAVIRUS CONCERS MOUNT, COULD FORCE CHRISTINE LAGARDE TO JUICE EUROZONE ECONOMY WITH
ECB MEETING PREVIEW & EURO FORECAST: CORONAVIRUS CONCERS MOUNT, COULD FORCE CHRISTINE LAGARDE TO JUICE EUROZONE ECONOMY WITH MONETARY STIMULUS
- The European Central Bank, or ECB, is on faucet to offer markets with its newest financial coverage replace this Thursday, March 12 at 12:45 GMT and leaves the Euro in danger
- ECB prone to comply with swimsuit of different central banks shoring up a faltering international financial system because the novel coronavirus outbreak accelerates right into a full-blown pandemic
- Crashing Eurozone inflation expectations might pressure the hand of the ECB Governing Council, led by Christine Lagarde, to offer stimulus and decrease key rates of interest for the euro space
ECB President Christine Lagarde is about to face her first true take a look at as head of the European Central Financial institution. Lagarde assumed her position late final 12 months from former ECB President Mario Draghi, who steered the Eurozone financial system by means of the global financial crisis, and infamously said that the ECB will do “whatever it takes to protect the Euro.”
Now, it seems that the ECB and its Governing Council shall be pressured to climate one other financial storm ignited by the novel coronavirus outbreak (COVID-19). The accelerating coronavirus pandemic has contaminated Italy – the world’s eighth largest financial system and third largest contributor to whole EU GDP – at an exponential charge not too long ago and…