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ECB: Lagarde: Economic Recovery Continues To Face Headwinds

ECB
BundesbankCentral Bank NewsFixed Income BulletsCEEMEAEurozoneGermanyBulletGlobalEuropean Central BankForeign Exchange BulletsRegionMarkets

The ECB Press Conference has begun. President Lagarde begins by reciting the policy statement. On current economic conditions:

  • "Survey indicators show that the recovery continued to faces headwinds. We expect the recovery to strengthen over time as rising real incomes increase household spending. Exports should continue contributing as global demand rises".
  • "The labour market remains resilient. Recent surveys point to a further moderation in demand for labour and the job vacancy rate has fallen closer to pre pandemic levels".
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The ECB Press Conference has begun. President Lagarde begins by reciting the policy statement. On current economic conditions:

  • "Survey indicators show that the recovery continued to faces headwinds. We expect the recovery to strengthen over time as rising real incomes increase household spending. Exports should continue contributing as global demand rises".
  • "The labour market remains resilient. Recent surveys point to a further moderation in demand for labour and the job vacancy rate has fallen closer to pre pandemic levels".