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Business & Finance

ECB's actions ‘proportionate’ to the risk it faces, Lagarde says

  • "Our crisis-related measures are temporary, targeted and proportionate...to the severe risks to our mandate that we are facing," Lagarde told members of the European parliament.
Published June 8, 2020

FRANKFURT: The European Central Bank's aggressive stimulus measures in response to the coronavirus pandemic are proportionate to the risks faced by the euro zone economy, ECB President Christine Lagarde said on Monday.

"Our crisis-related measures are temporary, targeted and proportionate...to the severe risks to our mandate that we are facing," Lagarde told members of the European parliament.

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