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The head of the European Central Bank, Covid-19 Pandemic and Russia should be more unexpected due to shocks, and these politicians should also take into account the likelihood of such extreme scenarios.
“The world is more uncertain and this uncertainty is likely to be more volatility in inflation,” said President of the ECB President Kristin Lagarde in a speech that opened the annual conference of the Central Bank in Portugal. “This is quite basic, but this is a reality.”
He said that it was a habit of leading companies to change the prices of regular supply of regular supply, and reflecting a structural turn in the conditions of inflation in the United States and Europe.
The bank’s assessment of the economy’s economy is to take into account the possible possible scenarios, as well as further the starting forecasts, and this possible results must allow the public. Lagarde, especially the higher energy prices based on higher energy prices, inflation in inflation for 2022 inflation for 2022, the inflation, which is more than 7.5% of inflation, exceeds 7.5% of inflation.
Another example was a pandemic that was transferred to goods such as home sports equipment, such as consumers in the house.
“Scenario analysis, possible inflation results could help explain that the interval is abnormally wide and reduced the risk of false confidence in the public,” he said.
The bank’s strategy investigation was announced on Monday, 2% target for inflation on Monday, this process is aimed at this time because the annual price increase is 1.9%. The opening of inflation has allowed the bank’s criterion interest rate to 2% from a summit from 4% to 2%.
US President Donald Trump added the threats of higher tariffs and added to uncertainty about the worldview of inflation. The European Commission and the United States are trying to reach an agreement on a trade deal on July 9.
The conference in Sintra is the equivalent of the US federal reserve collection in the Jackson hole in the ECB and collects the best central bankers and economists in the world. Fed Law Jerome Powell is to take part in a panel with Lagarde Bank of Lagarde, Lagarde Bank of Lagarde, Bank of Strew Bailey Bank of Korea Governor Chang Yong Rhee and Kazuo Ueda, Japan Bank Governor.
