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Press Conference Begins, Lagarde Goes Through Opening Statement

ECB

Lagarde says:


  • Economic activity is losing momentum with Covid-19 weighing on activity.
  • Activity in services slowing visibly. Consumers are cautious. Weaker balance sheets are weighing on business investment.
  • Headline inflation muted with weak demand and slack in labour markets.
Largely paraphrasing the earlier press release.

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