ECB Governing Council member Ignazio Visco said, policies have to remain extremely accommodating on the fiscal side as well as on the monetary side as we’re prepared to do for the euro area as a whole… We are here to consider the risks of stop and go and we will have to avoid too early withdrawals of policies. ”

Also a Governing Council member, Francois Villeroy de Galhau reiterated the Pandemic Emergency Purchase Programme will “run until the crisis phase is over, and at least until next June.” “Given the uncertain situation today, it would be a mistake to decide an end date now” he added.

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