European Central Bank President Christine Lagarde spoke at the annual Frankfurt conference “The ECB and Its Watchers” on March 22, where she promised liquidity ad libitum if need be. “We are ready to act and provide liquidity support to the financial system if needed,” she said. (https://www.imfs-frankfurt.de/en/events/imfs-conferences/the-ecb-and-its-watchers/2023.html)
She added, “we are neither committed to raise further nor are we finished with hiking rates.”
