Lagarde speech: Too early to say if worst economic impact of COVID crisis is over

Eren Sengezer FXStreet

Christine Lagarde, President of the Europen Central Bank (ECB), said on Wednesday that it's too early to say if the worst economic impact of the coronavirus crisis is over, as reported by Reuters.

Additional takeaways

"There are still downside risks."

"There is light at the end of the tunnel with vaccinations picking up."

"By the end of June, 70% of eurozone population could get first shot of vaccine."

"Could see a robust economic rebound in the second half of the year."

Market reaction

The EUR/USD pair edged higher on these comments and was last seen trading flat on the day at 1.2086.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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