ECB’s Muller: Second virus wave probably stronger than expected

Dhwani Mehta FXStreet

The European Central Bank (ECB) Governing Council member Madis Muller said on Friday, the second wave of the coronavirus pandemic is probably stronger than expected.

The ECB would favour tools that directly reach the economy, like TLTROs, he added.

Commenting on the virus, President Christine Lagarde said Thursday that the “COVID vaccine reduces uncertainty,” adding that "complete lockdown is not the best way to deal with the second wave."

Note that Germany reported record 23,542 new infections on Friday, as per the latest data published by the RKI.

EUR/USD on track to disappoint bulls with a weekly loss, Eurozone GDP eyed

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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