Saturday, January 03, 2026 | 07:05 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

ECB to help euro zone 'well into' recovery, says chief Christine Lagarde

The European Central Bank will support the euro zone "well into" its recovery from a pandemic-induced double dip recession, ECB chief Christine Lagarde said on Wednesday

Christine Lagarde

Christine Lagarde

Reuters FRANKFURT

FRANKFURT (Reuters) - The European Central Bank will support the euro zone "well into" its recovery from a pandemic-induced double dip recession, ECB chief Christine Lagarde said on Wednesday, just eight days before a crucial policy meeting.

"Strong policy support will continue to provide a bridge over the pandemic and well into the economic recovery," Lagarde said in a speech. "The ECB is committed to preserving favourable financing conditions throughout this period."

The ECB must decide on the pace of bond purchases at its June 10 policy meeting and hints from policymakers suggest there is little appetite to cut support, even if the bloc is now firmly on the rebound.

 

 

(Reporting by Balazs Koranyi; Editing by Chris Reese)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 03 2021 | 1:02 AM IST

Explore News