(THREAD) While Europe has responded to a major challenge, it is not out of the woods yet and we need to remain vigilant, says Executive Board member Fabio Panetta at The @Economist_SEUR’s Roundtable with the Government of Greece. Watch the speech 1/5
European and national policies must continue to play a crucial role in absorbing the shock, supporting the recovery and achieving sustainable growth. For the first time, we are borrowing together to recover from a common shock and invest in our future #NextGenerationEU 2/5
The results achieved by our monetary policy measures are remarkable, but they are not totally satisfactory yet. Inflation is expected to stay uncomfortably below our aim and the balance of risks remains on the downside 3/5
The ECB’s Governing Council stands ready to adjust all of its policies depending on incoming data, including exchange rate developments, in order to bring inflation in line with its medium-term aim 4/5
It is necessary to maintain very favourable liquidity conditions and an ample degree of monetary accommodation for an extended period of time, and in any case for as long as necessary. Read the full speech ecb.europa.eu/press/key/date… 5/5
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