March 16, 2020 / 9:17 AM / in 19 days

ECB ready for further action if needed - Holzmann

VIENNA, March 16 (Reuters) - If the European Central Bank sees the need for further stimulus in the area of government bonds to help countries tackle the coronavirus impact, it is ready to do so, European Central Bank policymaker Robert Holzmann said on Monday.

“If there is a need to intervene in the area of government bonds, measures will be taken,” Holzmann, who is the chief of Austria’s central bank, said.

The ECB provided fresh stimulus on Thursday to support the euro zone economy as the pandemic hits activity, but ECB chief Christine Lagarde spooked markets by saying it was not the ECB’s job to help virus-stricken countries struggling in the debt markets, such as Italy. (Reporting by Kirsti Knolle; editing by Thomas Seythal)

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