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3/18/2020, 8:52 AM (Source: TeleTrader)
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Ready to adjust measures as appropriate - ECB's De Guindos

Vice President of the European Central Bank Luis de Guindos stated on Wednesday the measures taken by the Spanish government to curb the economic impact of the COVID-19 outbreak have produced positive results.

De Guindos asserted the ECB is ready to introduce additional measures if necessary, adding that the central bank has "flexible" tools more effective than monetary policy actions.

Lastly, De Guindos said he expects the coronavirus crisis will last from a few weeks up to a couple of months, with the virus having only a temporary impact on Europe's economy.

Breaking the News / ND