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Opening Comments From Lagarde Focus on Post-Pandemic Reopening

ECB
  • Output is expected to exceed its pre-pandemic level before the end of this year. The economy has largely reopened allowing consumers to spending more and companies to increase production.
  • Rising immunity means the impact of the pandemic is less severe. The spread of the delta variant could yet delay the full reopening of the economy. The increase in inflation is largely temporary and underlying pressures are building slowly.
  • In the medium term inflation is foreseen to remain well below target. Financing conditions have remained favourable since our previous quarterly assessment.
EM BulletHomepagemarkets-real-timeFixed Income BulletsEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets
EM BulletHomepagemarkets-real-timeFixed Income BulletsEuropean Central Bank (ECB) Market NewsBulletMarketsEmerging Market NewsForeign Exchange Bullets

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