The unexpected and early rise in coronavirus cases in Europe poses a clear risk to the economic outlooksaid the president of the European Central Bank (ECB), Christine Lagarde, in a pre-recorded interview with the French television network LCI on Tuesday night.
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“Most scientists in the eurozone expected the resurgence of the epidemic in November or December, with the cold.”
“It has come before, and from that point of view that has been surprising. It doesn’t bode well. ”
The Governing Council of the ECB is scheduled for next week, and most economists expect no changes to their monetary policy until December.
The central bank is expected to increase its pandemic bond purchase program by 1.35 trillion euros ($ 1.6 trillion) at its last policy meeting of 2020.
Credits: Forex Street
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