Evaluate critically the decisions taken by the ECB at their December 2020.

In its October 2020 press conference, the ECB President Christine Lagarde indicated that

“ We’re not going to just stand still” leading many analysts to expect the ECB to

recalibrate its monetary-policy instruments to respond to the second wave of the COVID19 pandemic that has forced a number of major euro area economies into lockdown

again.

Evaluate critically the decisions taken by the ECB at their December 2020

Governing Council meeting.

Note: Your answer should address the following:

➢ A summary of the unconventional policies taken by the ECB in recent years

➢ An overview of the policies the ECB has already undertaken in the context of

Covid19.

➢ A review of the decisions taken at the ECB’s December 10 meeting (note any

additional stimulus measures or any changes to monetary policy instruments or

objectives) and comments made by the President at the press conference.

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