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 growth improves strongly in the second half of the year“.
“The short-term risks are broadly balanced.”
“Inflation is expected to decline again in early 2022“.
“The underlying pressures on prices are expected to increase somewhat this year.”
“Once the impact of the pandemic wears off, core inflation will gradually increase over the medium term“.
“Temporary factors are behind the increase in the inflation forecast.”
“It is expected that core inflation increases from 1.1% in 2021 to 1.3% in 2022 and 1.4% in 2023“.
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