February 27, 2020 / 4:56 PM / a month ago

ECB's Lagarde plays down impact of coronavirus outbreak: FT

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses an event to launch the private finance agenda for the 2020 United Nations Climate Change Conference (COP26) at Guildhall in London, Britain February 27, 2020. Tolga Akmen/Pool via REUTERS

FRANKFURT (Reuters) - European Central Bank President Christine Lagarde played down the economic impact of the coronavirus epidemic in an interview published on Thursday, saying it was not yet causing lasting economic damage.

Lagarde was quoted by the Financial Times as saying the ECB would have to determine if the coronavirus was causing a “long-lasting shock” to the euro zone economy, adding “we are certainly not at that point yet”.

Reporting by Francesco Canepa; Editing by Mark Heinrich

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