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4/22, 3:26 PM (Source: TeleTrader)
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Lagarde: EU economies to reach pre-pandemic levels in H2 2022

President of the European Central Bank (ECB) Christine Lagarde said on Thursday that the euro area economies will return, on average, to pre-pandemic levels in the second half of 2022, although she cautioned some countries will be "lagging behind." She predicted that this does not mean that all slack will be absorbed because "entering the pandemic, there was some slack."

Asked about moving in tandem with the United States Federal Reserve, Lagarde stated "it would be nice because that would mean that our inflation numbers are aligned." However, she said the two banks are "not on the same page" when it comes to expectations and the current situation in the US and the euro area.

Breaking the News / DJ