Inflation expected to stay above ECB target
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NewsTranscript
00:00Economists predict inflation will remain above the European Central Bank, or ECB's, 2% target
00:06in the medium term, according to a survey by Germany's IFO Institute. Inflation in the euro
00:12zone is seen to be at 2.6% this year. IFO's Niklas Putrafke stated high inflation expectations
00:21might prevent further interest rate cuts by central banks. Despite this, the ECB is expected
00:27to lower interest rates this week, as ECB Chief Christine Lagarde has expressed confidence in
00:33falling inflation.