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

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.”