- 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 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.