Economics

Lagarde Says Market Can Test ECB Resolve as Much as It Wants

President spoke Wednesday in a Bloomberg TV interview
Euro zone is slow on vaccinations and on joint fiscal stimulus

WATCH: Lagarde says short-term risk is “tilted to the downside.”Source: Bloomberg

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By Francine Lacqua, Alexander Weber, and Carolynn Look

March 31, 2021 at 8:15 AM UTC

Updated on

March 31, 2021 at 9:56 AM UTC

This article is for subscribers only.

European Central Bank President Christine Lagarde said policy makers won’t shy away from using all their powers should investors try to push bond yields higher.

“They can test us as much as they want,” she said in a Bloomberg TV interview on Wednesday. “We have exceptional circumstances to deal with at the moment and we have exceptional tools to use at the moment, and a battery of those. We will use them as and when needed in order to deliver on our mandate and deliver on our pledge to the economy.”