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.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.