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Q: How was the discussion/mood within the GC given that uncertainties remain?

ECB

A: I would say 'steady hand'. We spent a lot of time looking at the quarterly staff projections. In conclusion of this work, we were somewhat more optimistic about the economic outlook than we were three months ago. The latest signal that we are getting is a strong rebound that will hopefully be amplified in the third quarter. We are seeing that vaccination rollout has accelerated significantly. We are also seeing that containment measures are being lifted, which will particularly benefit the services sector.

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