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World

ECB's Lagarde warns of uncertainty about speed of vaccination

  • "The near-term economic outlook is subject to uncertainty, relating in particular to the dynamics of the pandemic and the speed of vaccination campaigns," Lagarde said in a blog post on the ECB's website.
  • We therefore stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry.
Published March 22, 2021
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FRANKFURT: The euro zone's economic outlook is marred by uncertainty about the evolution of the COVID-19 pandemic and the speed of the vaccination campaign, European Central Bank President Christine Lagarde said on Monday.

"The near-term economic outlook is subject to uncertainty, relating in particular to the dynamics of the pandemic and the speed of vaccination campaigns," Lagarde said in a blog post on the ECB's website.

"We therefore stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry," she added, repeating the ECB's long-standing guidance.

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