New virus-related restrictions heighten uncertainty, ECB's Lagarde says

Credit: REUTERS/KAI PFAFFENBACH

New coronavirus-related restrictions on everyday life in the euro zone add to the economic uncertainty, underlining the need for continued easy fiscal and monetary policy, European Central Bank President Christine Lagarde said on Sunday.

FRANKFURT, Oct 18 (Reuters) - New coronavirus-related restrictions on everyday life in the euro zone add to the economic uncertainty, underlining the need for continued easy fiscal and monetary policy, European Central Bank President Christine Lagarde said on Sunday.

"It is clear that both fiscal support and monetary policy support have to remain in place for as long as necessary and 'cliff effects' must be avoided," Lagarde told an economic forum.

"New coronavirus-related restrictions currently being introduced across Europe will add to uncertainty for firms and households," she told a meeting of the G30, a group of financiers, central bankers and academics.

(Reporting by Balazs Koranyi; Editing by David Clarke)

((Balazs.Koranyi@thomsonreuters.com; +49 30 220 133 623; Reuters Messaging: balazs.koranyi.thomsonreuters.com@reuters.net))

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