10/15/2020, 6:41 PM (Source: TeleTrader)
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Lagarde: ECB ready for more support if virus continues

President of the European Central Bank Christine Lagarde reiterated on Thursday the ECB stands ready to deal with the coronavirus pandemic with its complete arsenal of tools.

Speaking at a CNBC-organized debate, Lagarde described the pandemic as an "unbelievable crisis," but said she feels Europe's response has been appropriate so far. However, as the continent faces a potential second wave of COVID-19, "we better make sure we are dealing with the situation by adopting the right policies and increasing fiscal spending," she added.

"We stand ready, we've done a lot, and if more is needed, if the situation deteriorates, then we will do what is necessary," Lagarde underscored.

Breaking the News / JC