ECB's Philip Lane sees Delta having only limited effect on eurozone economy

ECB chief economist Philip Lane said it was too early to start talking of end the EU's €1.8 trillion Pandemic Emergency Purchase Programme. 

The fast-spreading Delta variant of Covid-19 is likely to have only a limited impact on the eurozone economy, which remains on course for robust growth this year and next, ECB chief economist Philip Lane has predicted. 

With Delta spreading around the globe, stocks sold off last week on fears that the more contagious variant could thwart the global recovery from the pandemic and force governments to reintroduce debilitating lockdown measures.