SpeechThe monetary policy toolbox
We have calibrated our monetary policy tools in a way that gives sizeable support to the economy and also supports the convergence of inflation to our aim, says Chief Economist Philip R. Lane in New York. At the same time, a more expansive fiscal policy would alleviate constraints on monetary policy.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.50 %|