The announcement, which comes just weeks after Germany's Constitutional Court ruled that the ECB had already been exceeding its mandate with a longstanding asset purchase programme, prompted a rally in the euro and bond markets.
It predicted a partial rebound with growth of 5.2 per cent next year and 3.3 per cent in 2022 but Ms Lagarde told a news conference that signs of any recovery so far were"tepid", and that risks to its baseline projection were on the downside.
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