ECB's president Lagarde: Underlying prices pressures remain subdued

Market news

25 June 2021

ECB's president Lagarde: Underlying prices pressures remain subdued

Eurozone economy expected to return to pre-pandemic levels in Q2 2022
Outlook is now balanced
Inflation likely to increase in Autumn, but only temporary
Continued support of fiscal and monetary policy will be needed to avoid pandemic leaving scars

U.S.: PCE price index ex food, energy, m/m, May 0.5% (forecast 0.6%)

European session review: USD slips ahead of U.S. PCE inflation data

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