ECB's De Cos says it will take time before COVID vaccine has positive impact on economy

MADRID: News of a vaccine against the novel coronavirus is positive but it will take some time before this has a positive impact on economic activity, European Central Bank policymaker Pablo Hernandez de Cos said on Friday.

De Cos said new restrictions imposed in euro zone countries to curb the second wave of the pandemic meant that the ECB's upcoming macroeconomic projections in December would be most likely revised downwards.