- Says momentum has moderated but eurozone continues to recovery strongly
- Expects inflation to rise further, then decline in 2022
- Grip of the pandemic has weakened
- High energy prices may reduce purchasing power
- Risks to outlook are balanced
- Economy could outperform if consumers become more confident
- Phase of higher inflation to last longer than expected
- We continue to see inflation below 2% target in medium term
- We looked deeply at inflation but we're confident that our analysis of inflation is correct
- The slowdown of PEPP purchases isn't tapering
- PEPP, in my view, will end in March
- Market bets on rate hikes are not in line with guidance