ECB's policymakers told there would be significant increase to 2022 inflation forecast

• The remarks are quoted as being told by ECB chief economist, Philip Lane
• Ukraine war may shave 0.3% to 0.4% off Eurozone growth in middle scenario
• In mild scenario, there is almost no impact but this is now seen as unlikely
• In severe scenario, growth may be cut by close to 1%
• There would be significant increase to 2022 inflation forecast
• But hinted that inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term will be below target at the end of the outlook horizon

This still doesn't tell us much of what to expect in March though as ECB policymakers continue to offer mixed remarks as to any end of bond purchases and rate hikes in general.