Lagarde: Recovery on Track Even as Pandemic Casts Shadow

The video discusses the progress in vaccination and easing of lockdowns in the euro area, while highlighting the ongoing uncertainty due to the Delta variant. It addresses the temporary rise in inflation and the need to maintain favorable financing conditions to support economic recovery. The ECB's pandemic emergency program is expected to continue at a higher pace, alongside other measures to stabilize inflation at 2% over the medium term.

What measures are being taken to support price stability?

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What is the target inflation rate mentioned in the text?

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