Premature ECB tightening could endanger recovery, Lagarde says

ECB President Lagarde takes part in a news conference in Frankfurt

FRANKFURT (Reuters) – The European Central Bank should not rush to tighten its monetary policy as that could endanger the euro zone’s economic recovery and cost jobs, ECB President Christine Lagarde said in an interview published on Friday.

“A premature tightening of the monetary policy at the current juncture could endanger the economic healing of the euro area and cost jobs,” Lagarde was quoted as saying in German magazine Spiegel.

(Reporting By Francesco Canepa; Editing by Alex Richardson)