- Lagarde speech: Don't know if current vaccines resistant to Omicron
Market news
3 December 2021
Lagarde speech: Don't know if current vaccines resistant to Omicron
“We don't know if current vaccines resistant to Omicron”, European Central Bank (ECB) President Christine Lagarde said in an interview titled "Financing the Covid recovery with new economic headwinds" at the Reuters Next online conference.
Additional quotes
We don't know how fast Omicron will propagate in euro area.
Economic impact will depend on measures.
I don't see any reason why we would not draw from learnings to live with variant.
We should be on alert, take confidence from past.
Another wave was included in ECB's adverse scenario, we're still in range.
Market reaction
EUR/USD is little changed on the above comments, keeping a mild offered tone around 1.1295, as of writing.
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