ECB Lane: More widespread constitutes additional downside risks

ECB's economist Lane speaks in London

• the more quickly is a virus contained, the smaller will be the impact on the world economy and the faster will be the recovery
• more widespread contagion and a longer interruption in normal economic activity constitutes additional downside risks to near-term projections

The comments from Lane are not surprising and more like economic truisms than new insights on monetary policy.

He does add:

• monetary accommodation still needed in the euro area
• Easing measures must be sufficiently preemptive

Again nothing surprising there