Lagarde: ECB Committed to Protecting Europe’s Economy

The European Central Bank (ECB) President, Christine Lagarde, said on Tuesday that the economic recovery in the Eurozone remains challenged by uncertainty, which requires continuous support from market authorities.

Lagarde believes it is essential that the “monetary and fiscal support are not withdrawn too soon,” ruling out expectations of reducing the pace of asset purchases as some recently suggested.

The ECB president remarked that the central bank would remain committed to protect Europe’s economy.

She further pointed to the need for cooperation between the central bank and local governments.