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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 incomesA top European Central Bank official has raised the prospect of a half percentage point rate increase in July. Dutch central bank chief Klaas Knot sai
[See the full post at: Dutch Central Bank Chief First ECB Governor To Raise Prospect of 50Bps Rate Rise]
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