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Economic activity is expected to accelerate in the second half of the year

Christine Lagarde, President of the European Central Bank (ECB), delivers her comments on the prospects for monetary policy at a press conference following the ECB’s decision to leave the policy configuration unchanged in June.

Key Comments:

“We hope that the economic activity accelerates in the second half of the year“.

Global demand and fiscal measures support activity in the euro zone. “

“The short-term economic outlook remains uncertain“.

“The increase in inflation is due to base effects and temporal factors like the rise in energy prices. “

“The projections point to an increase in inflationary pressures.”

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