FRANKFURT—European Central Bank President Christine Lagarde signaled that the bank will keep monetary policy loose for some time amid a resurgence in Covid-19 cases globally and signs of economic slowdown in China and the U.S. that have prompted caution from the Federal Reserve.
While the ECB said it would slightly scale back its massive bond-buying program to reflect brighter prospects for the eurozone economy, Ms. Lagarde emphasized at a news conference that the decision didn’t constitute a plan to reverse its easy-money policies.
