ECB’s Lagarde Warns of 2008-Like Crisis Without Urgent Virus Action

The transcript discusses the anticipation of policy decisions by central banks, particularly the ECB, in response to economic pressures and the health crisis. It highlights actions taken by the Fed and the Bank of England, which may serve as models. The debate around potential ECB rate cuts and other programs, such as quantitative easing, is explored. The transcript concludes with a discussion on the range of tools available to the ECB and the decision-making process involved.

What is the current consensus among economists regarding the ECB's interest rates?

How does the Bank of England's recent actions relate to the ECB's potential decisions?