ECB's Christine Lagarde warns over 'elevated uncertainty' from Covid-19 slump      

Global outlook remains fragile but ECB 'committed' to supporting euro area

Christine Lagarde, President of the European Central Bank (ECB), says 'ample monetary stimulus remain necessary'.

ECB President Christine Lagarde, warning of “elevated uncertainty” and slack in the economy because of the coronavirus, pledged to continue taking whatever steps needed to shore up growth and inflation.

The ECB chief spoke after her Governing Council agreed to keep their pandemic bond-buying programme unchanged at €1.35trn and the deposit rate at -0.5%.