ECB's Lagarde Unveils Inflation Forecasts

The transcript discusses the impact of accommodative monetary and fiscal policies on inflation, highlighting a gradual increase in underlying inflation over the medium term. It examines survey and market-based indicators of inflation expectations, noting subdued levels despite some market increases. The Euro area inflation projections for 2021-2023 are outlined, with revisions for 2021 and 2022 due to temporary factors and energy prices. Core inflation, excluding energy and food, is projected to rise slightly over the same period.

What are the survey-based measures and market-based indicators indicating about longer-term inflation expectations?

What is the expected impact of energy price inflation on the overall inflation outlook for 2023?