“The risks to inflation are skewed to the upside,” she said. “It’s plausible to assume that inflation is going to drop below our target of 2% in the medium term.
“However, there could be structural shifts pointing in the other direction,” Schnabel, the head of the ECB’s market operations, said. “I don’t think we can truly tell, on the basis of today’s data, what is actually going to happen.”
Schnabel added that plans to end pandemic emergency bond buys remain valid, despite a new wave of COVID-19.
Source: Economy - investing.com
