ECB President Christine Lagarde said the recovery from coronavirus pandemic “remains uncertain, uneven and incomplete”. Also, “new coronavirus-related restrictions currently being introduced across Europe will add to uncertainty for firms and households.”
Lagarde urged that “fiscal support and monetary policy support have to remain in place for as long as necessary and ‘cliff effects’ must be avoided.”
Separately, Governing Council member Klaas Knot said “At this moment, I don’t see any factors looming on the horizon that would make me think that interest rates will change significantly in the coming years”.
