In my remarks today, I will focus on the euro area economic outlook and the ECB’s monetary policy stance in the light of the Governing Council’s decisions taken on Thursday of last week. I will conclude by discussing the policy mix required to secure a solid path to economic recovery.
The current macroeconomic outlook The rebound in global demand and additional fiscal measures are supporting global and euro area activity. At the same time, persistently high coronavirus (COVID-19) infection rates, the spread of virus mutations, and the associated extension and tightening of containment measures continue to have a negative impact on euro area economic activity.