June 10, 2020 / 12:28 PM / a month ago

ECB happy with its toolbox at present, Schnabel says

FRANKFURT, June 10 (Reuters) - European Central Bank boad member Isabel Schnabel played down an imminent expansion of the ECB’s crisis-fighting tools on Wednesday, pouring cold water on the notion of buying bonds issued by banks or by junk-rated companies.

“We don’t necessarily have to extend our toolbox already right now but according to how the crisis develops there may be a time when this becomes necessary,” Schnabel said. (Reporting by Francesco Canepa; Editing by Alison Williams)

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