ECB's Lagarde: Central banks have responded to the crisis in a 'massive' way

Further comments by Lagarde
– This crisis is worse than the 2008-09 financial crisis
– The ECB mandate is the same i.e. focus on price stability
– We have to use instruments that provide the most proportionate response
There's nothing new here in what she is saying mostly, as she is more or less just scratching the surface of