“Overall, the risks surrounding the euro area growth outlook have become more balanced, although downside risks associated with the pandemic remain in the near term,” Lagarde said in a statement that echoes the bank’s policy stance after its March meeting.
Repeating the bank’s standing guidance, Lagarde said that the 1.85 trillion euros set aside in a Pandemic Emergency Purchase Programme may not have to be spent in full but the ECB also reserved the right to increase this quota, if market conditions warrant.
Source: Economy - investing.com
