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- ECB's president Lagarde: PEPP purchases will continue to be "significantly higher" than prior in the quarter ahead
ECB's president Lagarde: PEPP purchases will continue to be "significantly higher" than prior in the quarter ahead
- Headline inflation forecasts remain below target over the forecast horizon
- Underlying price pressure remains subdued due to slack
- Projections signal a gradual increase in core inflation
- Headline inflation likely to increase in coming months
- Financing conditions are broadly stable
- Overall risks are broadly balanced
- Global demand, fiscal measures support activity in Eurozone
- ECB will continue to monitor foreign exchange rate
- Surveys point to a sizable improvement in the second quarter
- Surveys indicate a strong services recovery
- We expect growth to improve strongly in H2
- Core inflation is projected to rise to 1.1% in 2021 to 1.3% in 2022, 1.4% in 2023
- Temporary factors are behind inflation projection rise
- Once the pandemic impact fades, underlying inflation will gradually rise in medium-term
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