The European Central Bank (ECB) can strengthen the euro’s international role and expand the global reach of its monetary policy by providing liquidity support to foreign countries, ECB Chief Economist Philip Lane said on Wednesday, according to Reuters.
Demand for the ECB’s recently expanded euro liquidity facilities has been strong, with more than 30 central banks expressing interest, Lane said at a closed-door event in Shanghai titled “Monetary System Beyond the Dollar”. The event was part of the annual Bund summit.
