Economics
Lagarde Says ECB Ready to Act as Pandemic Burdens Economy
- ECB president expects negative inflation in the months ahead
- Economists predict a boost to bond purchases later this year
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The European Central Bank is ready to deploy more monetary stimulus to aid the recovery if needed as the pandemic damps prospects for the economy, according to President Christine Lagarde.
Addressing European lawmakers on Monday, Lagarde called the recovery across the 19-nation euro zone uncertain and incomplete, with consumers cautious to spend and companies reluctant to invest.