ECB's President Lagarde: ECB will carefully assess the euro's effect on inflation
Notícias do Mercado
10 setembro 2020
ECB's President Lagarde: ECB will carefully assess the euro's effect on inflation
There is no need to overreact to euro gains
We have to monitor carefully exchange rate, discuss extensively
Strength of recovery remains surrounded by uncertainty
Rebound broadly in line with previous expectations
Domestic demand recorded significant recovery
Uncertainty weighing on consumer spending and business investment
Inflation dampened by energy prices
Ample monetary stimulus remains necessary
Incoming data suggest notable recovery in consumption
Over the medium term, recovery in demand will put upward pressure on inflation
Coronavirus case infections constitute headwinds to short term outlook
Further sustained recovery highly dependent on the evolution of pandemic
Projections also include alternative scenarios
Growth risks tilted to the downside
Headline inflation is expected to remain negative in the coming months
Inflation to turn positive in early 2021
ECB sees 2020 GDP contraction at 8.0% (versus -8.7% projected in June), 2021 GDP growth at 5% (versus 5.2% in June) and 2022 GDP growth at 3.2% (versus 3.3% in June)
ECB sees 2020 inflation at 0.3% (versus 0.3% forecast in June), 2021 inflation at 1% (versus 0.8% in June) and 2022 inflation at 1.3% (versus 1.3% in June)
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