- ECB's president Lagarde: Tightening would be premature and would pose a risk to ongoing economic recovery and inflation outlook
Market news
21 June 2021
ECB's president Lagarde: Tightening would be premature and would pose a risk to ongoing economic recovery and inflation outlook
- Recovery is gathering pace, we need to ensure support well into recovery
- The outlook for the euro area economy is indeed brightening
- Spread of virus mutations continues to pose a risk
- As recovery is gathering pace, we need to remain vigilant and ensure that policy support continues to provide bridge over the pandemic and well into recovery
- Brighter prospects for global demand and faster-than-anticipated increase in consumer spending could result in even stronger recovery
- Upward effect of underlying inflation pressures on headline inflation will be roughly counterbalanced by expected decline in energy prices
- Effects on euro area HICP inflation from U.S. inflation are expected to be moderate
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