Economics

ECB Forecasts Show Inflation Below 2% Goal After Next Year

Outlook due on Thursday extends to 2024 for the first time
New numbers are key for decision on post-pandemic policy

Christine Lagarde
Photographer: Alex Kraus/Bloomberg

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By Jana Randow

December 14, 2021 at 5:40 PM UTC

Updated on

December 15, 2021 at 8:28 AM UTC

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The European Central Bank’s new projections show inflation below the 2% target in both 2023 and 2024, according to officials familiar with the matter, giving President Christine Lagarde ammunition to argue against a swift increase in interest rates.