Comments by ECB policymaker, Martins Kazaks
- ECB can expand, extend stimulus scheme if needed
- Can also increase asset purchase volumes or even look for new instruments
- Can even consider the use of OMT
The headline pretty much sums up the current mood. The ECB has done their part and they have delivered their end of the bargain, helping to address the bond market scare last month. The ball is over to the governments' court now.
If they fail to match the ECB resolve, the market may not take too kindly on the economic damage that will be caused in the coming months due to the virus outbreak.
Should that be the case, the move in euro assets today is but a first taste of things to come.
