SpeechAsymmetric risks, asymmetric reaction
Our policy must remain forward-looking in the current fragile and uncertain macroeconomic situation, says Executive Board member Fabio Panetta at the Money Market Contact Group. Faced with sizeable downside risks, there is a strong case for our reaction function to be asymmetric.
|Marginal lending facility||0.25 %|
|Main refinancing operations (fixed rate)||0.00 %|
|Deposit facility||− 0.50 %|