The set of measures adopted to support liquidity has also made it possible to preserve favourable conditions for accessing bank credit on the part of households and firms and to reduce the cost of bond and equity funding.
Faced with the effects of the public health emergency, which are expected to last longer than predicted last autumn, at its January meeting, the ECB Governing 6  Council reconfirmed that its very accommodative monetary policy stance and its continued presence on the market are still essential in order to support the economy and prices in the euro area, also by bolstering confidence and reducing uncertainty.