ECB President Christine Lagarde said in an FT interview that the central bank’s pandemic measures have demonstrated “demonstrated their efficiency, their effectiveness.” For now, “we have done so much that we have quite a bit of time to assess” economic data “carefully.”
ECB will meet again next week. Lagarde’s messages suggested that the central bank will stand pat and adopt a wait-and-see attitude. ECB has nearly doubled the size of its pandemic purchase program to EUR 1.35T in June.
