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 monetary policy configuration unchanged.
Key Comments:
“The ECB expects growth in the 4.0% GDP by 2021 compared to the 3.9% observed in December “.
“The ECB expects growth in the 4.1% GDP by 2022 compared to the 4.2% observed in December “.
“The ECB expects growth in the 2.1% GDP by 2023 compared to the 2.1% observed in December “.
“According to oil futures, inflation is expected to increase in the coming months“.
“Once the impact of the pandemic wears off, gradual upward pressure on inflation is expected.
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