Delta variant growing source of uncertainty for economy: ECB

European Central Bank President Christine Lagarde warned Thursday that the rapid rise in coronavirus cases fuelled by the Delta variant posed "a growing source of uncertainty" for the eurozone economy.

"The recovery in the euro area economy is on track," Lagarde said. "But the pandemic continues to cast a shadow, especially as the Delta variant constitutes a growing source of uncertainty."

The fast-spreading variant could dampen the recovery "in services, especially in tourism and hospitality," she added.