Skip to content
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
placeholder-661-1.png
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine
logo

Euro zone at a turning point but too early to debate end of ECB help: Lagarde

The euro zone economy is at a turning point. ECB President Christine Lagarde told Politico in an interview that its recovery must be firm and sustainable before the European Central Bank can debate clawing back emergency support.

The ECB had agreed to maintain an elevated pace of bond purchases. This is to keep borrowing ultra-low costs. Policymakers did not encourage questions about tapering support, even as growth rebounds faster than earlier predicted. Lagarde quoted that she was not suggesting that the pandemic emergency purchase program (PEPP) is going to stop on 31 March. She added that they have plenty of flexibility. In other terms such as of economic outlook they are heading in the right direction. When asked about winding down the 1.85 trillion-euro PEPP, that is scheduled to last at least until March 31 or until the crisis phase of the pandemic is over, she refused to say anything stating that it is too early to debate these issues this early.

YOU MAY ALSO LIKE

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Ameriprise Financial Posts Strong Q2 Earnings as Asset Values Reach Record Levels Amid Market Rebound

In their September meeting the ECB is expected to start discussing the end of PEPP. This is expected mainly by the economists. The vast majority of ECB watchers do not expect PEPP to be enlarged and extended again. Instead, the ECB is more likely to shift policy support to an older and more rigid Asset Purchase Program. Lagarde added that they are at a turning point where, bearing in mind alternative (virus) variants, they are on that recovery path, heading firmly towards a return to the pre-pandemic level.

Tags: EconomyEurozone

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result

Recent News

An Economic Dilemma: The Temptation of Inflation

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Hope and Innovation: A Bionic Arm for Nigeria

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

European Stocks Edge Higher as Consumer and Healthcare Gains Offset Tech and Defence Weakness

Global Business Review is a online print magazine focusing on the updates and information about on emerging markets, Finance, Banking, Technology. Global Business Review provides news, features, analysis, commentary, and interviews from industry across the globe.

Recent News

An Economic Dilemma: The Temptation of Inflation

A Shift in Global Governance: A New Order for the Global South

A Shift in Hiring Dynamics on Wall Street

Market Sentiments and Asia’s Currencies

Hope and Innovation: A Bionic Arm for Nigeria

Categories

  • Banking
  • Business
  • Events
  • Finance
  • Blogs
  • Fintech
  • Forex
  • Insurance
  • Technology
  • Videos

Social Media

COPYRIGHT © 2020-2025 GLOBAL BUSINESS REVIEW MAGAZINE LLC - ALL RIGHTS RESERVED

  • About Us
  • Contact Us
  • Advertise With Us
  • Leadership report
  • Privacy Policy
  • Disclaimer
  • Terms & Conditions
No Result
View All Result
  • Home
  • Banking
  • Finance
  • Technology
  • FinTech
  • Business
  • Videos
  • Events
  • Awards
  • Magazine

Copyright © 2025 Global Business Review Magazine - All Rights Reserved.