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4/22, 2:47 PM (Source: TeleTrader)
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Lagarde: Inflation likely to increase in coming months

President of the European Central Bank, Christine Lagarde, said on Thursday that the inflation rate in the Eurozone is expected to increase in the upcoming months.

Lagarde argued that the pace of the COVID-19 vaccination campaigns is encouraging, and will pave the way for the recovery of the bloc's economic activity over the course of 2021.

Commenting on the current economic situation, Lagarde noted that businesses continued to recover on solid demand, while coronavirus-related restriction measures kept limiting activity in the services sector despite signs of improvement.

Breaking the News / ND