Central Banks

Lagarde Says EU Recovery Fund Is Starting to Have Growth Impact

  • ECB chief speaks to conference in Aix-en-Provence, France
  • Comments may be among last before July policy decision

Christine Lagarde at the Aix-en-Provence Economic Conference.

Photographer: Jeremy Suyker/Bloomberg

European Central Bank President Christine Lagarde said the European Union’s recovery fund is proving to be one of the bloc’s success stories and is starting to show results in the economy.

The Frankfurt-based policymaker told a conference in the southern French town of Aix-en-Provence that the so-called NextGenEU facility is working.