ECB's Lagarde: Will Be Out of Negative Rates by Third Quarter

The video discusses the potential trajectory of interest rates, suggesting a move out of negative rates by the end of the third quarter. It highlights the complex factors affecting inflation, including the war's economic impacts and rising energy and food prices. Despite these challenges, positive economic forces such as low unemployment, high savings, and a recovering tourism sector are expected to counteract inflationary pressures.

What is the expected timeline for moving out of negative interest rates according to the video?

• By the end of the year

• By the end of the second quarter

• By the end of the first quarter

• By the end of the third quarter

Which factor is NOT mentioned as contributing to inflation in the video?

• Technology advancements

• Food prices

• Energy prices

• War impacts

How does the video describe the current state of unemployment?

• Unchanged from last year

• Steadily increasing

• At a rock bottom rate

• At an all-time high

What is one of the positive economic indicators mentioned in the video?

• Low unemployment

• Declining tourism

• Rising interest rates

• Decreasing savings

What is the video’s perspective on the upcoming summer season in Europe?

• It will see a decline in tourism

• It will be quiet and uneventful

• It is expected to be busy and fully booked

• It will have no impact on the economy