ECB’s Lagarde: We will give sufficient notice before unwinding stimulus measures

Further remarks by Lagarde

  • Vaccine rollout is short of what ECB has expected
  • Hopes that EU recovery fund will be deployed in 2H 2021

Yada yada. I’m still perplexed that she chose the words in challenging the market to “test us as much as they want”. One can argue that she is trying to stamp her own “whatever it takes” moment but this is just poor form really in calling out bond traders.

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