How will the European Central Bank react to longer lockdowns?
Extended Covid-19 lockdowns, the pace of vaccinations and the prospects for an economic recovery will be in focus when the European Central Bank holds its first rate-setting meeting of the year on Thursday.
Christine Lagarde, ECB president, gave a flavour of what to expect from the discussion when she said last week that there was likely to be a rebound in economic activity this year, driven by “expected pent-up demand” being released as the pandemic is brought under control.
But that would not be enough to justify a tightening of the ECB’s monetary policy, she warned. “Any kind of tightening at the moment would be very unwarranted,” she told a Reuters event.
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