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- ECB's president Lagarde: ECB continues to view the inflation upswing as largely temporary
ECB's president Lagarde: ECB continues to view the inflation upswing as largely temporary
- Baseline scenario remains that inflation stays below 2%-target over medium-term
- There are some factors that could lead to stronger price pressures than anticipated
- But there are limited signs of such a risk so far
- Inflation could prove weaker than foreseen if economic activity were to be affected by renewed tightening of restrictions
- Growth outlook continues to be uncertain, dependent on pandemic evolution
- We remain committed to preserving these favourable financing conditions; this is necessary for a robust recovery that will restore inflation to its pre-pandemic level
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