ECB’s Lagarde: Don’t see a complete economic recovery until the end of 2022
Fears that instead of a V-shaped recovery, rebound will be more shaky.
Recovery is incomplete, uncertain, uneven.
Fiscal, monetary policies must work hand in hand.
ECB is ‘very attentive’ to exchange rate developments.
Do not target the euro exchange rate.
ECB hoping for the best, preparing for the worst on Brexit.
more to come …