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ECB to continue adapting its tools as crisis abates, Schnabel says

Reuters
29th Frankfurt European Banking Congress (EBC) takes place in Frankfurt

FRANKFURT (Reuters) - Policy innovation and flexibility served the European Central Bank well during the pandemic and the bank's monetary policy instruments will continue to evolve as the crisis ends, ECB board member Isabel Schnabel said on Friday.

"We will continue to adapt our tools as appropriate going forward, as the economy enters calmer waters," Schnabel said in a speech.

(Reporting by Balazs Koranyi; Editing by Toby Chopra)