# Coronavirus: ECB's Lagarde says further economic stimulus on standby

> ECB President Christine Lagarde said the bank stands ready to use its full range of tools, including rates, forward guidance and asset purchases, to address a resurgence of coronavirus cases in Europe. She said the region is seeing recurrences of contagion. Europe had recorded over 7.4 million cases at that time.

- Date: 2020-10-15 · published 2020-10-15T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/50845-coronavirus-ecb-s-lagarde-says-further-economic-stimulus-on-standby
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md)

## Why it matters

Expected additional euro-area stimulus could weaken the euro and support dollar-priced commodities. The statement signals intent rather than a concrete policy change.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2025-07-01 | [ECB's Lagarde says euro's rise also reflects economic strength](https://feedsoft.ai/events/23987-ecb-s-lagarde-says-euro-s-rise-also-reflects-economic-strength.md) | -0.5% | -2.0% |
| EURUSD | 2020-06-05 | [ECB coronavirus stimulus expected to continue as inflation remains low](https://feedsoft.ai/events/52844-ecb-coronavirus-stimulus-expected-to-continue-as-inflation-remains-low.md) | +0.5% | -0.8% |
| EURUSD | 2020-04-29 | [ECB Preview: Euro-Dollar Recovers From Multi-Week Exchange Rate Lows Ahead Of Lagarde's Next Coronavirus Response \| Exchange Rates UK](https://feedsoft.ai/events/53855-ecb-preview-euro-dollar-recovers-from-multi-week-exchange-rate-lows-ahead-of.md) | +0.1% | +1.2% |
| EURUSD | 2020-12-10 | [ECB boosts economic stimulus package as Covid-19 hits recovery – The Irish Times](https://feedsoft.ai/events/49857-ecb-boosts-economic-stimulus-package-as-covid-19-hits-recovery-the-irish-times.md) | +0.8% | +0.7% |
| EURUSD | 2017-06-28 | [ECB says markets over-reacted to Draghi’s stimulus signals – The Irish Times](https://feedsoft.ai/events/70717-ecb-says-markets-over-reacted-to-draghi-s-stimulus-signals-the-irish-times.md) | +0.3% | +2.9% |

## Sources

- cnbc.com: https://www.cnbc.com/2020/10/15/coronavirus-ecbs-lagarde-says-further-economic-stimulus-on-standby.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.