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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

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European Central Bank | Christine Lagarde | Euro

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 ...

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First Published: Thu, June 03 2021. 01:02 IST
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