President Christine Lagarde’s announcement of a 500 billion-euro ($606 billion), nine-month extension of the pandemic bond program, plus more long-term bank financing, left investors largely underwhelmed. Not only were those tweaks seen as relatively modest, they were presented alongside an inflation estimate for 2023 of just 1.4%, the lowest three-year forecast the ECB has ever made.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *