FRANKFURT (Reuters) – New coronavirus-related restrictions on everyday life in the euro zone add to the economic uncertainty, underlining the need for continued easy fiscal and monetary policy, European Central Bank President Christine Lagarde said on Sunday.
“It is clear that both fiscal support and monetary policy support have to remain in place for as long as necessary and ‘cliff effects’ must be avoided,” Lagarde told an economic forum.
“New coronavirus-related restrictions currently being introduced across Europe will add to uncertainty for firms and households,” she told a meeting of the G30, a group of financiers, central bankers and academics.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.