ECB's Lane: ECB still has ammunition left to fight recession

Reuters reports the recent comments delivered by the European Central Bank (ECB) incoming Executive Board member Philip Lane while speaking with the academics and diplomats at Ireland’s embassy in London.

Key Points:

ECB's policy arsenal has not been depleted and fiscal policy could help stimulate investment

“The idea that the ECB lacks potency is very far from where we are.”

Fiscal policy could also help reduce policy uncertainty and encourage the private sector to resume investing.