Lagarde Speech: Incoming Info Suggest Strong Rebound

Following the European Central Bank’s (ECB) decision to keep its key rates and €1,350 of (PEPP) unchanged, Christine Lagarde, President of the ECB, is delivering her remarks on the monetary policy outlook in a press conference.

“Rebound broadly in line with previous expectations.”
“Level of activity well below pre-COVID levels.”
“Strength of recovery remains surrounded by uncertainty.”
“Domestic demand recorded significant recovery.”
“Uncertainty weighing on consumer spending, business investment.”
“Inflation dampened by lower energy prices.”
“Ample monetary stimulus remains necessary.”