*LAGARDE: ENERGY MAKES TWO THIRDS OF OUR UPWARD INFLATION REVISIONS
*LAGARDE: EXTREMELY ATTENTIVE TO WAGE GROWTH
*LAGARDE: ECB HAD VERY, VERY LARGE MAJORITY
*LAGARDE: REALLY MAKING PROGRESS TOWARDS INFLATION TARGET *LAGARDE: ENERGY PRICES PROBABLY GOING TO STABILISE
*LAGARDE: THERE IS POSSIBLY UPSIDE RISK IN INFLATION
*LAGARDE: ECB HAD VERY, VERY LARGE MAJORITY
*LAGARDE: FEW MEMBERS DIDN'T AGREE WITH SOME PARTS OF PACKAGE
*LAGARDE: UNDER PRESENT CIRCUMSTANCES, VERY UNLIKELY TO SEE RATE HIKE IN 2022
*LAGARDE: WANT TO BE AS FLEXIBLE AS POSSIBLE DUE TO UNCERTAINTY
*LAGARDE: ECB DECISIONS DRIVEN BY DATA, CAN REASSESS
*LAGARDE: INFLATION LIKELY TO EASE IN THE COURSE OF NEXT YEAR
*LAGARDE: MONETARY ACCOMMODATION IS STILL NEEDED
*LAGARDE: POLICY IMPACT ON PROPERTY, MARKETS NEEDS MONITORING
*LAGARDE: FINANCING CONDITIONS REMAIN FAVORABLE
*LAGARDE: SEE ANNUAL GDP GROWTH AT 5.1% IN 2021, 4.2% IN 2022, 2.9% IN 2023
*LAGARDE: ECB SEES INFLATION AT 2.6% IN 2021, 3.2% IN 2022, 1.8% IN 2023, 1.8% IN 2024
*LAGARDE: NEED TO MAINTAIN FLEXIBILITY, OPTIONALITY
*LAGARDE: EXPECT MOMENTUM TO PICK UP AGAIN
*LAGARDE: LABOR MARKET IS IMPROVING
*LAGARDE: DEMAND OUTPACING SUPPLY IN SOME SECTORS
*LAGARDE: INFLATION TO REMAIN ELEVATED IN NEAR TERM
*LAGARDE: INFLATION TO SETTLE BELOW TARGET OVER OUTLOOK HORIZON *LAGARDE: LABOR MARKET IS IMPROVING
*LAGARDE: EXPECT OUTPUT TO EXCEED PRE-PANDEMIC LEVEL IN 1Q22
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