ECB's president Lagarde: Medium-term inflation seen well below target

Market news

9 September 2021

ECB's president Lagarde: Medium-term inflation seen well below target

Rebound in recovery increasingly advanced
Sees economic activity at pre-pandemic levels at year-end
Delta spread could delay full reopening
Current inflation increase is largely temporary
Underlying inflation price pressures building up slowly
Inflation outlook revised up slightly
Favourable financing conditions essential for recovery
Labour market improving rapidly
Improving business optimism is supporting business investment
Eurozone on track for a strong growth in Q3; manufacturing to perform strongly
Shortages are holding back production

U.S. weekly jobless claims total 310,000

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