Lagarde Says Virus Not Yet at Stage Requiring ECB Response: FT

(Bloomberg) -- Christine Lagarde said the European Central Bank was monitoring the outbreak of coronavirus very carefully and said it was not yet at the stage where it would require a monetary policy response, the Financial Times reports on Thursday, citing an interview with the ECB president.

Lagarde said the ECB would have to determine whether coronavirus could become a “long-lasting shock” that would affect inflation. “But we are certainly not at that point yet,” Lagarde told the FT.

To contact the reporters on this story: Katerina Petroff in Frankfurt at kpetroff@bloomberg.net;Piotr Skolimowski in Frankfurt at pskolimowski@bloomberg.net

To contact the editor responsible for this story: Katerina Petroff at kpetroff@bloomberg.net

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