Lagarde: “Inflation will be below 2% in the medium term”. Experts fear fourth wave

The president of the European Central Bank (ECB), in a hearing in the European Parliament, said that the “decline in inflation will take longer than expected”, but that, in the medium term, it continues to forecast it below 2%. How long will it take to get back to normal? The point of view of Luciano Turba, of Assiom Forex, on Sky TG24 Business. VIDEO

To have a normal price level it will be necessary to wait “for the end of the first semester, if not the second. We must also see what economic growth will do. Now we are all optimistic from this point of view, but we must keep a light on the events at the level. pandemic. Unfortunately, not so much in Italy, where in any case we see an increase, but in Europe we are witnessing a sort of fourth wave of infections that could lead to decisions that were not conceivable just a month ago “. Like this Luciano Turba, of Assiom Forex, to Sky TG24 Business, after the encouraging words spoken by Christine Lagarde, president of the ECB, in front of the European Parliament. The institute’s number one said that interest rates are not set to rise in 2022, that energy prices are expected to fall in the first half of 2022 and that, overall, the expectation is for inflation. which, in the medium term, will remain below the 2% target.

In the meantime, however, the fourth wave of the virus returns to scare. “Austria – continues Turba – has in fact already passed the lockdown for the unvaccinated, who basically can only go to work and cannot enjoy a social life. This, in general, could cool economic growth. pandemic front should go better, in the second half we could see a decrease in inflation “. A scenario confirmed by Janet Yellen herself, US Treasury Secretary, who declared that “the pandemic has caused high inflation. If we want to reduce it, I think that fighting the contagion is the most effective weapon”.

In the episode of Sky TG24 Business on November 15, there is also space for a rebound in dividends, with Federico Pons, responsible for Italy of Janus Henderson Investors.