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Jens Weidmann, European Central Bank (ECB) Governing Council member and Bundesbank President, said on Thursday that the eurozone’s growth in 2021 could fall short of ECB’s forecasts if anti-pandemic curbs are extended.

In its latest forecast, the ECB said that the eurozone economy was expected to grow by 4% in 2021.

“Measures of financing costs for households, companies may not yet fully reflect changes in bond yields,” Weidmann added.  

Market reaction

The EUR/USD pair showed no immediate reaction to these remarks and was last seen posting small daily gains at 1.1740.