SpeechThe pandemic’s distributional effects
The coronavirus crisis has reinforced pre-existing inequalities between and within euro area countries, says Executive Board member Isabel Schnabel. Monetary policy is doing its part, but targeted fiscal measures are needed to limit and reduce divergences.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.50 %|