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President Lagarde presents the latest monetary policy decisions – 21 July 2022
The ECB Podcast
The Risks to the Inflation Outlook
The labor market remains strong. Unemployment fell to a historical low of six point six % in may. Job vacancies across many sectors showth there is a robust demand for labor. Wage growth has continued to increase gradually over the last few months, but still remains contained overall. Most measures of longer termination, longer term inflation expectations currently stand at around two%. Although recent above target indicators warrant continued monitory risk assessment.
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