ECB’s Lagarde flags bottlenecks, energy and virus as key risks By Reuters

© Reuters. FILE PHOTO: President of the European Central Financial institution (ECB) Christine Lagarde speaks as she takes half in a information convention on the end result of the Governing Council assembly, in Frankfurt, Germany, September 9, 2021. REUTERS/Kai Pfaffenbach

FRANKFURT (Reuters) – The financial outlook for the euro zone continues to be fraught with uncertainty, stemming from provide bottlenecks, surging vitality costs and new waves of the coronavirus pandemic, European Central Financial institution President Christine Lagarde mentioned on Wednesday.

“How lengthy how these bottlenecks will take to be resolved… is among the query marks,” Lagarde mentioned at an ECB occasion.

Talking of upper vitality costs, Lagarde added: “We’ll see how lengthy it takes for that to fade away; it ought to exit within the first a part of ’22.”

“The final of the uncertainties that we have now to account for…is potential new waves of a pandemic that will be vaccine-resistant,” Lagarde mentioned.

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