European Central Bank President Christine Lagarde speaking on ECB policy on Sunday.
Speech to the Annual Meeting of the Council of Governors of the Arab Central Banks and Monetary Authorities.
- "Continued expansionary fiscal policies are vital to avoid excessive job shedding and support household incomes until the economic recovery is more robust."
- "Keeping job support schemes in place is critical to avoid a sharp increase in unemployment later in the year,"
- ECB would "carefully" assess incoming data, including the euro's strengthening, which risked dampening both growth and inflation.
(bolding mine)
