1/21, 3:37 PM (Source: TeleTrader)
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ECB observing decline of growth in Q4 - Lagarde

European Central Bank (ECB) President Christine Lagarde revealed on Thursday that the bank is observing the coronavirus restrictions-induced decline of growth in the Eurozone in the fourth quarter on a preliminary basis at the moment.

The full figures will be taken into account at the next ECB monetary policy meeting in March, she added.

The ECB had "anticipated lockdowns currently in place," and its 2021 economic forecast is "still broadly valid," Lagarde also stressed.

Breaking the News / MS