3min chapter

The ECB Podcast cover image

President Lagarde presents the latest monetary policy decisions – 21 July 2022

The ECB Podcast

CHAPTER

Inflation and Economic Activity Continue to Improve

Economic activity is slowing. Russia's unjustified aggression towards ukraine is an ongo drug on growth. The impact of high inflation on purchasing power. Continuous supply constraints and higher uncertainty are having a dampening effect on the economy. Firms continue to face higher costs and disruptions in their supply chains, although there are tentative signs that some of the supply bottle necks are easing.

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