Lagarde Says 'Little Doubt' ECB Will Act in December

The transcript discusses the Governing Council's agreement on the need for recalibration in response to the pandemic. It highlights factors such as infection rates, containment measures, and fiscal responses that influence recalibration decisions. The importance of scenario planning and projections is emphasized, leading to the implementation of a recalibrated package to address the evolving circumstances.

In what ways will staff need to adjust their projections?

What factors will determine the structure of the recalibrated package?