ECB President Lagarde spoke on Saturday - expects euro zone faces 2 years of disinflation

Author: Eamonn Sheridan | Category: Central Banks

European Central Bank President Christine Lagarde said the euro zone faces about two years of downward pressure on prices

  • then a turnaround after that because the coronavirus crisis will accelerate the transformation of the economy
  • expects greater digitization and automation, shorter supply chains
In the meantime though ECB to keep monetary policy exceptionally loose

  • "the inflation dynamic will necessarily be impacted, probably with a disinflationary, deflationary aspect at first, and then an inflation dynamic"

Lagarde spoke in a virtual event webinar. 

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