“The current environment of elevated uncertainty means that the Governing Council will continue to assess carefully the incoming information, including developments in the exchange rate, with regard to the implications for the medium-term inflation outlook.” – by Philip Lane, Member of the Executive Board of the ECB
Philip Lane
Interview with Philip R. Lane, Member of the Executive Board of the ECB (El País)
“The speed at which the economy bounces back will then hinge on whether consumers are more reluctant to consume and businesses hold back on investment. From today’s perspective, it looks in any case unlikely that economic activity will return to its pre-crisis level before 2021, if not later.” – Luis Doncel