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Lagarde reduces the possibility of lowering rates and defends extending purchases

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Next December, the European Central Bank (ECB) will perform the “recalibration” of your tools. The provision of long-term liquidity and the massive purchase of public debt are the main elements.

In the speech of the President of the ECB, Christine Lagarde, this Wednesday, it was possible to glimpse the low probability of an interest rate adjustment.

The banker has insisted on the need for a blunt answer by the economic authorities in the face of the health emergency. In addition, he stressed that the forecast of a vaccine against Covid-19 is close, so Lagarde has defended a strengthening the economy.

In his speech at the central banks forum, organized by the ECB in Frankfurt, he stated that security in banks financing conditions they are key to economic restoration, as they will continue to be favorable for the duration of the pandemic. "When you think in terms of favorable financing, What matters is not only the level of financing conditions, but also the duration of policy support, "Lagarde stressed.

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