ECB’s Lane: Committed to providing stimulus needed to support the economic recovery

Dhwani Mehta FXStreet

The European Central Bank (ECB) is committed to providing the support needed to boost the economic recovery, said Chief Economist Philip Lane on Tuesday.

Additional quotes

“Overall PEPP envelope is a core determinant of ECB's policy stance.”

“There is some rebound in economic activity.”

“But level of economic slack remains extraordinarily high.”

“The outlook remains highly uncertain.”

“Inflation outlook plays the central role in determining appropriate policy stance.”

EUR/USD eases back below 1.18

The shared currency eased-off highs at 1.1803 against the American dollar on the above comments, with EUR/USD now trading at 1.1782, still up 0.19% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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