Free Trial

MNI BRIEF: ECB Sees Temporary Inflation Rise, Below Target '23

LONDON (MNI)

Euro area inflation will likely rise through the rest of 2021 as higher fuel costs and unwinds of 2020 temporary tax cuts work their way out of the consumer price index, European Central Bank President Christine Lagarde said Thursday. Citing the inflation projections of the ECB staff economists, Lagarde said inflation was expected to average 1.9% over 2021, 1.5% in 2022 and just 1.4% in 2023.

Growth is projected at 4.6% in 2021, 4.7% in 2022 and 2.1% in 2023. That would see all output lost through the pandemic by H1 2022.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.