Lagarde Hails ECB's `Surgical' Support for Economy Amid Virus

The transcript covers a discussion on the ECB's decision-making process regarding rate cuts and quantitative easing (QE). It addresses questions about the Governing Council's support for rate cuts and the implications of QE on asset purchase programs. The ECB's unanimous decision to implement a 120 billion asset purchase program is highlighted as the most efficient response to current market sensitivities. The transcript also discusses the flexibility and organization of the asset purchase program, ensuring alignment with capital keys.

What considerations were made regarding the support for the rate cut within the Governing Council?

What is the significance of the Capital Key in relation to the asset purchase programs?