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Irish Central Bank Governor says no evidence to suggest fresh ECB action needed

Written by Business World, on 16th Oct 2020. Posted in Financial

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There has been no change to the macroeconomic environment since the European Central Bank last met in September to necessitate fresh action to combat the impact of the COVID-19 crisis, governing council member Gabriel Makhlouf said on Friday.

"From my own perspective, in terms of monetary policy, I don't think one month on from our previous projections there is new evidence to make us change our minds but by the time we meet again that might have changed," Makhlouf told Bloomberg TV.

Makhlouf, Ireland's central bank governor, said he did not think there would be an exact repeat of the disruption from the lockdown in April and May if the pandemic forced economies to close again as firms and households would have learned lessons. (Reuters)

Source: www.businessworld.ie

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