Lagarde, the recovery accelerates but a tight ECB would create risks

(ANSA) - ROME, June 10 - The economic recovery will accelerate in the second quarter and inflation is rising, mainly due to temporary factors. For this reason, at this moment "a tight fit would be premature and would create risks". This was stated by the president of the ECB, Christine Lagarde, in a press conference after the Governing Council, adding that "any discussion on the exit from Pepp (the purchase program for the pandemic emergency) is premature".

   The ECB has improved its growth forecasts for the Eurozone in 2021 and 2022, respectively at + 4.6% and + 4.7%, keeping 2023 at + 2.1%. (HANDLE).