Eurozone outlook is ‘highly uncertain’, says Lagarde

Christine Lagarde unveils new lending facility

The European Central Bank kept its stimulus package unchanged today (July 16), as president Christine Lagarde stressed the eurozone faces a “highly uncertain outlook”.

The ECB’s governing council kept the deposit rate at -0.5%, and did not introduce any modification to its two asset purchase programmes.

Lagarde called on European Union governments to give more emphasis to grants than loans when funding recovery for the countries hardest hit by the Covid-19 pandemic. The next meeting of the

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