(ANSA) – BRUSSELS, NOVEMBER 15 – “Regarding official interest rates, in our prospective guide we have clearly explained the three conditions that must be met before rates start to rise. Despite the current jump in inflation, the outlook in the medium term they remain contained and therefore it is very unlikely that these three conditions will be met next year “. This was stated by the president of the ECB, Christine Lagarde, in a hearing in the European Parliament.
“We still see inflation moderate next year, he said again, but it will take longer than initially anticipated” and “we continue to expect medium-term inflation to stay below our new symmetrical 2% target.”
Even after the end of the pandemic emergency, he explained, it will still be important that monetary policy, including the appropriate calibration of bond purchases, supports the recovery across the euro area and a sustainable return of inflation to our target of the 2% “..” The challenge is not over yet, the decisions that are taken by policy makers will continue to determine the strength of the recovery “, he added. (ANSA).
.
Source From: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
