⁍ Lagarde: ‘I wouldn’t be surprised if there was more fiscal support undertaken at the national levels, given the situation and the worsening of the conditions that we’re seeing at the moment’
Asked if ECB might hold meetings more frequently during the crisis, Lagarde said: ‘The benefit of working remotely is that we easily meet using whatever of those devices’
Asked if ECB might hold meetings more frequently during the crisis, Lagarde said: ‘The benefit of working remotely is that we easily meet using whatever of those devices

– The European Central Bank left its key interest rate unchanged at 1.25% today, as expected, but President Christine Lagarde made clear that the bank was ready to act if needed. “We stand ready for that,” she told reporters. “If we have to meet on short notice, we will do so. We will use the flexibility of everything that we have and we will recalibrate using the solid data that we will have.” The bank also said it would roll out a program to buy asset-backed securities from banks, a move seen as another attempt to inject money into the system and support growth, Reuters reports.