Remarks by ECB president, Christine Lagarde
- Believes that we are in a recovery process
- But the recovery is still uncertain
- Euro area will go back to pre-virus levels in 2022
- Inflation rise this year is temporary
- ECB should see through temporarily higher inflation
Her comments on inflation are the more notable ones here but it fits with what most policymakers - especially the Fed - have been sticking with recently.
Nobody wants to be the one to break the egg and the ECB certainly does not want any unwarranted rise in real rates despite projecting a calmer facade as of late.
