ECB's Lagarde: Inflation drivers are to fade over the medium-term

Commenting on inflation, the European Central Bank (ECB) President Christine Lagarde said that “inflation drivers are to fade over the medium-term.”

Additional quotes

“Inflation rates to increase further until year-end.”

“ECB must not rush to prematurely tighten policy.”

“Need to reach 2% price target on a durable basis.”

“As positive demand forces gain strength, inflation outlook will be better than before the pandemic.”