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European Central Bank: Lagarde, “Recovery has accelerated, but now austerity brings risks”-economy


The European Central Bank kept interest rates stable: the main interest rate remained at zero, the deposit rate remained at -0.50%, and the marginal lending rate remained at 0.25%. The management committee expects that in the next quarter, “net purchases under the leadership of Peppe will continue to proceed at a significantly higher rate than the first few months of this year.” The growth forecasts for the Eurozone for 2021 and 2022 have been revised upwards to + 4.6% and + 4.7%, keeping the growth rate for 2023 at + 2.1%. Inflation will be 1.9% in 2021, 1.5% in 2022, and 1.4% in 2023. President Lagarde stated that the economic recovery accelerated in the second quarter, the economic recovery accelerated in the second quarter, and inflation rebounded, mainly due to temporary factors. “It is too early to tighten, and it will bring risks.”

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