ECB's de Cos: Increase of extraordinary support measures from ECB cannot be ruled out

The extension and/or increase of extraordinary support measures from the European Central Bank (ECB) cannot be ruled out in the current context, ECB Governing Council member Paolo Hernandez de Cos said on Tuesday, as reported by Reuters.

No additional comments had been reported at the time of press.

Market reaction

These remarks don't seem to be having a significant impact on the shared currency's performance against its major rivals. As of writing, the EUR/USD pair was up 0.12% on a daily basis at 1.1795.

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IMF's Georgieva: IMF to revise up forecast of 4.9% global GDP contraction for 2020

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