Per an FT interview with ECB President..........>

ECB: Per an FT interview with ECB President Lagarde: "Ms Lagarde confirmed

analysts' expectations that the ECB is unlikely to announce fresh loosening

measures at its monetary policy meeting next week. "We have done so much that we

have quite a bit of time to assess [the incoming economic data] carefully," she

said. The EU's planned EUR750bn recovery fund to support those countries hardest

hit by the pandemic would be "a game changer", the ECB president said,

particularly if a large portion of it came in the form of grants rather than

loans. However, Ms Lagarde said that the fund may only be agreed by EU member

states after next week's summit. "I wouldn't put all my bets on July 18," she

said. "I would give it until the end of the month to make sure that we have a

favourable outcome.""