Reviews ECB-Chief Volkswirt - Inflation dynamics in the euro area remains behavior

12:55  01 april  2021
12:55  01 april  2021 Source:   de.reuters.com

2 Greenpeace activists land on a paraglider on the ECB

 2 Greenpeace activists land on a paraglider on the ECB © Pixabay 2 Greenpeace activists land on a paraglider on the ECB To denounce the debt buybacks of companies greedy in fossil fuels by the ECB, Greenpeace activists land on the roof of the monetary authority in Frankfurt. 2 Greenpeace activists alighted on the roof of one of the ECB buildings in Frankfurt. Arriving by air using a motorized paraglider, they landed on the roof of a building usually used for press conferences before deploying a banner, an ECB spokesperson confirmed to AFP.

Frankfurt (Reuters) - despite the recent increase in living expenses in the euro area, from the point of view of ECB-Chief Volkswirt Philip Lane remains rather dampened price pressure.

FILE PHOTO: European Central Bank (ECB) headquarters building is seen in Frankfurt © Reuters / Ralph Orlowski File Photo: European Central Bank (ECB) Headquarters Building Is Lakes in Frankfurt

A sustainable turnaround in inflation dynamics is currently not detectable, explained Lane on Thursday in a blog entry on the website of the European Zenralbank ( ECB). "The medium-term outlook for inflation remains behavior," wrote the economist. Because demand is still weak, even in the labor market and on the product markets there is a catch-up requirement. The gap towards the inflation target of the central bank of almost two percent will determine the agenda for the ECB Council in the coming years.

ECB In relation to bond buying pace in summer: Circles

 ECB In relation to bond buying pace in summer: Circles (Bloomberg) - At the Council meeting of the European Central Bank on Thursday, there were informed circles in relation to the question, in which a large extent in traditionally low-heavy summer bonds bought bonds should be. Despite an increase in their economic forecasts, the central bank had ultimately decided to continue purchases in a "significantly higher pace" as at the beginning of the year, when weekly papers were acquired in the volume of 14 billion euros.

Video: Impage in the economy: It goes ahead (DPA AFX)

In March, the consumption prices in the currency area increased by 1.3 percent. Especially the energy prices were wider. Still in February, the inflation rate was 0.9 percent. Experts assume that the inflation will continue to grow in the next few months, mainly because of the low comparative basis of the previous year's corona crisis. According to Lane, there are therefore above all over-hedged factors at the factory through which the ECB can "pass".

"The economic situation in the next time will continue to be dominated by high uncertainty in the face of the race between the start of the vaccine campaigns and the spread of the virus," explained the ECB chief economist. The extensions of Lockdown measures would leave traces in the second quarter in economic activity. In the first quarter, the gross domestic product had fallen corrupted.

EURO 2020 - Denmark / Finland: On which channel and what time see the game live? .
place at the 1st day of the Euro 2020 Group B this Saturday, June 12: in the late afternoon, Denmark faces Finland at the Parkegen Stadium of Copenhagen. If they wish to rally the 8th finals, Kasper Schmeichel and his Danish teammates will not have room for the error in this hen.

usr: 0
This is interesting!