Reply To: Dutch Central Bank Chief First ECB Governor To Raise Prospect of 50Bps Rate Rise


Highlights from ECB Lagarde press conference:

Downside risk to the economy increase substantially
initial signs of inflation expectations above target warrant monitoring
risk to inflation outlook tilted to the upside in near term; upside risks intensified
inflation is more widespread
inflation is mainly driven by energy
core inflation rise is uncertain
reopening of sectors after pandemic, strong labor market to support incomes