US, WASHINGTON (NEWS OBSERVATORY) — The Governing Council of the European Central Bank held a conference call on Tuesday to assess the impact of a coronavirus outbreak, two sources told Reuters.
Regulator officials during the conference call, which took place after the Federal Reserve suddenly cut rates, discussed current issues, sources said. According to them, responding to the effects of the virus using monetary policy was not on the agenda.
The representative of the ECB declined to comment.
The ECB said Wednesday that it would cancel or postpone all conferences, with the exception of press conferences on monetary policy. A meeting of the board of governors and a press conference on March 12 will be held in accordance with the plan, the regulator said in a statement.
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