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EURGBP TECHS

Corrective Bounce Extends

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Timeline of key events (Times GMT)

EUROZONE

Timeline of key events (Times GMT)

GBPUSD TECHS

Trend Needle Still Points South

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Trend Outlook Remains Bearish

FED FUNDS FUTURES

FFF2 Given

MNI BRIEF: ECB Lagarde Sees Inflation Higher For Longer

MNI (London)
(MNI) Frankfurt

Despite higher inflation in the near-term, prices still seen below target over the medium term.

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Inflation across the eurozone will likely stay higher for longer than initially expected before declining through 2022, European Central Bank President said Thursday, although she said overall risks to the economy remain broadly balanced, but that the continuing recovery was dependent on the course of the pandemic and the vaccination programs.

Addressing forward guidance, Lagarde said inflation was still seen below target in the medium term.