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ECB’s Lane: typically see economic rebound after episodes like coronavirus

BERLIN (Reuters) – The European Central Bank is looking carefully at the impact of the coronavirus but such episodes in the past have typically seen economies and markets rebound after a short-term hit, Philip Lane, the bank’s chief economist said on Wednesday.

“Let’s see – it depends on how quickly it is contained,” he told reporters on the sidelines of an event in Berlin.

“The history is clear: typically these events don’t last forever. Once they are over there is a bounce back in the markets, in the real economy,” he added.

(Reporting by Reinhard Becker; Writing by Paul Carrel; Editing by Thomas Seythal)

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