Premature ECB tightening could endanger recovery, Lagarde says

-

Economy12 minutes ago (Oct 08, 2021 08:13AM ET)

(C) Reuters. FILE PHOTO: President of the European Central Bank (ECB) Christine Lagarde speaks as she takes part in a news conference on the outcome of the Governing Council meeting, in Frankfurt, Germany, September 9, 2021. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – The European Central Bank should not rush to tighten its monetary policy as that could endanger the euro zone’s economic recovery and cost jobs, ECB President Christine Lagarde said in an interview published on Friday.

“A premature tightening of the monetary policy at the current juncture could endanger the economic healing of the euro area and cost jobs,” Lagarde was quoted as saying in German magazine Spiegel.

Premature ECB tightening could endanger recovery, Lagarde says

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Share this article

Subscribe here

Recent posts