FRANKFURT (Reuters) – Philip Lane, chief economist of the European Central Bank, played out the ECB’s expectation of buying stocks or bank bonds as part of its pandemic fighting efforts, says in a newspaper interview announced Sunday that these were not in his toolbox.
“The ECB and the Eurosystem have many very good money economists, so everything is under consideration at some stage,” Lane told the German newspaper Sueddeutsche Zeitung.
“But these measures are not part of our standard toolbox. Our active toolbox is a combination of our short-term rates, asset purchases, targeted lending and forward guidance. “
Reciting with Francesco Canepa; edited by Barbara Lewis