'The Lady Isn’t Tapering,' ECB's Lagarde Says

The transcript discusses the end of the pet program, focusing on whether it is a taper or a turning point. It explains the recalibration of the pandemic emergency purchase program, emphasizing the joint assessment framework. The inflation outlook has improved significantly for 2021 and 2022, and to a lesser extent for 2023. The commitment to maintaining favorable financing conditions is highlighted, with a moderately lower pace of purchase than in previous quarters.

How has the inflation outlook changed according to the speaker?

What commitment was made regarding financing conditions in December?