European Central Bank President Christine Lagarde on Thursday hinted at a move by the central bank in December as the risks are clearly tilted to the downside due to a resurgence in the coronavirus infections that is going to significantly hurt economic activity in the euro area in the fourth quarter of this year.
"Incoming information signals that the euro area economic recovery is losing momentum more rapidly than expected, after a strong, yet partial and uneven, rebound in economic activity over the summer months," Lagarde said in her introductory statement during the post decision press conference.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.