Market news
27.09.2021, 13:41

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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