ECB ready for further action if needed

Europe Materials 16 March 2020 14:27 (UTC +04:00)

If the European Central Bank sees the need for further stimulus in the area of government bonds to help countries tackle the coronavirus impact, it is ready to do so, European Central Bank policymaker Robert Holzmann said on Monday, Trend reports with reference to Reuters.

“If there is a need to intervene in the area of government bonds, measures will be taken,” Holzmann, who is the chief of Austria’s central bank, said.

The ECB provided fresh stimulus on Thursday to support the euro zone economy as the pandemic hits activity, but ECB chief Christine Lagarde spooked markets by saying it was not the ECB’s job to help virus-stricken countries struggling in the debt markets, such as Italy.