It is too early to say whether measures aimed at supporting the Eurozone economy in the context of coronavirus impact will be sufficient, the head of the German Bundesbank Jens Weidmann said in an interview with Bloomberg, adding that monetary and fiscal policies aimed at stimulating growth will remain necessary for some time to come.
“It is still impossible to say for sure whether there will be enough measures taken to date,” said Weidmann, a member of the board of the European Central Bank.
“The decisive factors in the adoption of further economic measures will be the pace of infection, duration of lockdowns and success in addressing the liquidity and potential solvency problems faced by companies and households,” he said in an interview published on Friday.
Euro extended declines against US dollar which continued to attract more buyers acting as a global safeheaven.
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