ECB Lagarde: Risk tilted to the downside but less pronounced

Within the put up assembly press convention, ECB President Christine Lagarde stated “the roll-out of vaccines, which began in late December, permits for higher confidence within the decision of the well being disaster”. However it can “take time till widespread immunity is achieved”. Thus “additional antagonistic developments associated to the pandemic can’t be dominated out.

However over the medium time period, restoration of Eurozone must be supported by “beneficial financing circumstances, an expansionary fiscal stance and a restoration in demand as containment measures are lifted and uncertainty recedes.”

Lagarde additionally stated that dangers surrounding progress outlook stay “tilted to the draw back however much less pronounced”. Optimistic improvement together with vaccination, and EU-UK settlement.

Full introductory statement here.