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ECB s Lagarde Says Eurozone Economy May Resume Growth In Q2

ECB s Lagarde Says Eurozone Economy May Resume Growth In Q2 BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - The European Central Bank President Christine Lagarde on Thursday said the near term outlook for the euro area economy remained clouded with high uncertainty, but data suggest the single currency bloc could expand in the second quarter. The near-term economic outlook remains clouded by uncertainty about the resurgence of the pandemic and the roll-out of vaccination campaigns, Lagarde said in the introductory statement to the post-decision press conference. Incoming economic data, surveys and high-frequency indicators suggest that economic activity may have contracted again in the first quarter of this year, but point to a resumption of growth in the second quarter, she added.

European Stocks Close Higher Again

European Stocks Close Higher Again BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European markets closed higher on Thursday, extending recent gains, as investors reacted positively to the European Central Bank s monetary policy announcement, and some encouraging earnings reports. The European Central Bank today left interest rates unchanged and made no changes to its bond-buying efforts. The central bank said the Governing Council decided to reconfirm its very accommodative monetary policy stance. The central bank said it would continue to buy bonds under its 1.85 trillion euro pandemic emergency purchase program until at least the end of March 2022, while net purchases under its asset purchase program would continue at a monthly pace of 20 billion euros. The bank added that PEPP purchases, as decided at the ECB s previous meeting, will continue at a significantly faster pace over the current quarter.

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