ECB President Christine Lagarde said Europe’s recovery is ” incomplete, uncertain, uneven.” Policymakers now “fear that “the containment measures that have to be taken by authorities will have an impact on this recovery”. So, instead for a V-shape rebound, “we fear that it might have that second arm of the V a little bit more shaky.”
Lagarde also said ECB is “very attentive” to exchange rate developments. But she reiterated that ECB does not target the Euro exchange rate.
