InterviewTwo steps forward, one step back
We think it’s going to take a long time for output to fully recover, says Chief Economist Philip R. Lane. The persistent interruption of normal economic life, the effect of lockdown measures and the associated nervousness of households and firms will all have an impact.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.50 %|