Lagarde says they continue to see the spike in inflation to be largely temporary

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Christine Lagarde, president of the European Central Bank (ECB), said on Thursday that continue to see the rebound in inflation largely driven by temporary factors, as reported by Reuters.

Additional comments

“The recovery phase of the economy of the euro zone is more and more advanced “.

“We view the risks surrounding the growth prospects for the euro zone as broadly balanced“.

“Pressures on prices could become more persistent if supply bottlenecks last longer or wages rise more than is currently forecast.”

“There is no evidence of significant side effects due to wages.”

“The governing council regularly recalibrates net purchases under the Pandemic Emergency Purchase Program (PEPP) based on a joint assessment of financing conditions and inflation prospects. “

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