Following the decision of the European Central Bank (ECB) to leave its interest rates unchanged and the Pandemic Emergency Purchase Program (PEPP) of 1,350,000 million euros, Christine Lagarde, President of the ECB, delivers her comments on the outlook for monetary policy at a press conference.
Featured statements:
“Infections present new challenges for growth.”
“The incoming data shows that the recovery is losing momentum faster than expected“.
“Containment measures weigh on activity.”
“There is a clear deterioration in short-term prospects“.
“Activity in services has visibly slowed down.”
“Uncertainty about the outlook weighs on investment.”
“Inflation is dampened by low energy prices.”
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Credits: Forex Street
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