ECB’s Lane: Lockdown measures will lead to drop in activity but impact to be less severe

Dhwani Mehta FXStreet

Current lockdown measures will lead to a drop in activity but the impact will be less severe than in the spring, the European Central Bank (ECB) Chief Economist Philip Lane said in an interview with Les Echos, published early Monday.

Additional quotes

"We won’t terminate the program until certain conditions have been met.”

"First of all, the pandemic must no longer interrupt normal economic activity."

Market reaction

EUR/USD holds the lower ground into the weekly opening, currently trading at 1.1853, almost unchanged 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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