The president of Banco Central Europeo (ECB), Christine Lagarde, said Friday that he believes the Eurozone is in a process of recovery, but that support will continue to be necessary for several months, according to Reuters.
The ECB is closely monitoring the rise in sovereign bond yieldsLagarde stated. He indicated that the economic recovery remains uncertain.
With regard to inflation, the president of the ECB said that the rise this year is temporary. For a policy change, you should see temporarily higher inflation.
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