Economics
Lagarde Says ECB Still Has Options If More Stimulus Needed
- Strong euro is having impact on inflation, Lagarde says
- Recovery is ‘uncertain,’ ECB will be able to respond
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Christine Lagarde said the European Central Bank has room to add stimulus and can adapt its already expansive toolkit if the economy needs more help.
Speaking through a video link from Frankfurt, she said while the third quarter will see a rebound, the recovery from the coronavirus recession is still “uneven and incomplete.” The ECB is paying close attention to the euro’s appreciation and its knock-on effect on inflation.