ECB’s Lagarde: Don't see a complete economic recovery until the end of 2022
|The European Central Bank (ECB) President Christine Lagarde made some comments on the economic recovery while noting that the central bank is closely monitoring the exchange rate developments, in an interview with the Wall Street Journal (WSJ) on Tuesday.
Key quotes
Fears that instead of a V-shaped recovery, rebound will be more shaky.
Recovery is incomplete, uncertain, uneven.
Fiscal, monetary policies must work hand in hand.
ECB is 'very attentive' to exchange rate developments.
Do not target the euro exchange rate.
ECB hoping for the best, preparing for the worst on Brexit.
Market reaction
EUR/USD fell to a daily low of 1.1766 on Lagarde’s comments before recovery to near 1.1780 region, still down 0.06% on the day.
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