- ECB's president Lagarde: Rising rates could lead to premature tightening
Market news
11 March 2021
ECB's president Lagarde: Rising rates could lead to premature tightening
- Says market rates pose risk to wider financing conditions
- Financing conditions include risk free rates, and corporate borrowing rates
- ECB will purchase flexibly and in response to market conditions
- ECB could increase PEPP pace or not use full envelop, depending on conditions
- Overal economic situation is expected to improve in 2021
- Uncertainty remains
- Persistently high COVID rates, lockdowns weigh on growth in the short term
- Containment measures are weighing on activity
- Incoming data points to continued economic weakness in Q1
- GDP to contract again in Q1
- Inflation to pick up mostly due to transitory factors
- Underlying price pressures remain subdued
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