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Interview with Isabel Schnabel, Member of the Executive Board of the ECB, and the FT (ECB)

May 27, 2020 | Category: Best Reads| Tags: , , , , , ,

“The ECJ ruled in December 2018 that the PSPP is legal. Therefore, it is clear for us that we can and have to continue our monetary policy in line with our mandate to make sure that in the medium term we are getting back to our inflation aim of below, but close to, 2 per cent and that our monetary policy is transmitted to all parts of the euro area. So we are not adjusting our monetary policy in any way in response to this ruling..”  – by Martin Arnold

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