The European Central raises its forecast for inflation

The European Central Bank raised its inflation forecast again to 6.8% for this year against the previous forecast of 5.1%, and it expects inflation to reach 3.5% in 2023 and reach 2.1% in 2024, which is the fourth consecutive year of exceeding the ECB target.

The European Central confirmed that it will end its bond-buying program on July 1, and then raise interest rates by 25 basis points on July 21, the first rate hike since 2011. “We will make sure that inflation returns to our 2% target in the medium term,” European Central Bank President Christine Lagarde said at a press conference. Clear and well defined and we all understand where we are going