Lagarde warns against vaccine optimism and hints at more ECB easing

www.cnbc.com
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fairly difficult
ECB's Lagarde cautioned against an immediate economic impact from a Covid-19 vaccine, while giving more details about what the central bank is likely to do next.
Christine Lagarde, President of the European Central Bank, speaks to the media following a meeting of the ECB governing board. Thomas Lohnes

LONDON — European Central Bank President Christine Lagarde cautioned Wednesday against an immediate economic impact from a Covid-19 vaccine, while also giving more details about what the central bank is likely to do next. "While the latest news on a vaccine looks encouraging, we could still face recurring cycles of accelerating viral spread and tightening restrictions until widespread immunity is achieved," Lagarde said at the ECB Forum on Central Banking. "So the recovery may not be linear, but rather…
Silvia Amaro
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