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01.05.2019 16:00

ECB still has ammunition left to fight recession - ECB Lane

The ECB’s policy arsenal has not been depleted and fiscal policy could help stimulate investment, said the ECB incoming Executive Board member Philip Lane.

Investors fear the ECB’s window to potentially raise interest rates has closed, meaning it has little in its toolkit to face the next recession.

But Lane, Ireland's central bank governor, said the bank still had options. "The idea that the ECB lacks potency is very far from where we are," he told.

Lane added that fiscal policy could also help reduce policy uncertainty, and encourage the private sector to resume investing.


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Forex is open 24 hours a day, 5 days a week (except national holidays), and it can be broken up to the following four regional markets: Australia and Oceania, Asia, Europe, and America. A Forex trading session opens at 23:00 GMT on Sunday in Japan and closes at 22:00 GMT on Friday in the USA.

 
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