Lagarde: Inflation to decline in short and mid-term

Lagarde: Inflation to decline in short and mid-term
  • Clock-gray 17:57
  • calendar-gray 30 April 2020

Short-term and mid-term expectations on inflation in the euro area show a decrease, European Central Bank (ECB) President Christine Lagarde said at a press conference on Thursday, APA reports citing Tele Trader. 

Speaking in Frankfurt, Lagarde noted that lon-term inflation forecasts are less affected by the coronavirus-induced economic crisis. The central banker added a downturn in economic activity and the drop in oil prices are influencing inflation trends most.

However, Lagarde noted that despite high uncertainty, downward pressures on inflation due to weak oil demand could be offset by upward pressure on oil prices created by supply disruptions.

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