New virus-related restrictions heighten uncertainty, ECB’s Lagarde says

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© Reuters. FILE PHOTO: FILE PHOTO: European Central () Christine Lagarde gestures as she addresses a news conference on the outcome of the of the Governing Council, in Frankfurt

FRANKFURT (Reuters) – New coronavirus-related on everyday life in the euro zone add to the uncertainty, underlining the need for continued easy fiscal and , President Christine Lagarde said on Sunday.

“It is clear that both fiscal support and monetary policy support have to remain in place for as long as necessary and ‘cliff effects’ must be avoided,” Lagarde told an economic forum.

“New coronavirus-related restrictions currently being introduced across will add to uncertainty for firms and households,” she told a meeting of the G30, a group of financiers, central bankers and academics.

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Source: Investing.com

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