ECB's Lagarde Says Short-Term Risk `Tilted to Downside'

The video discusses the economic uncertainty in the euro area due to extended lockdowns and slow vaccination progress. It highlights the European Central Bank's (ECB) role in providing certainty through monetary policy. The balance of risk remains tilted to the downside in the short term but is expected to become more balanced in the medium term as vaccination efforts improve.

What factors contribute to the uncertainty in the economic situation in Europe?

What role does monetary policy play in providing certainty during uncertain economic times?