InterviewFiscal policy can support demand
The euro area is facing a temporary economic slowdown, says Executive Board member Philip R. Lane. Monetary policy is still effective, but its effectiveness is dependent on how overall demand is expected to develop. And fiscal policy can support aggregate demand, especially in countries with sound finances.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.50 %|