Lagarde speech: inflation will be above 2% for most of 2022

In her usual post-meeting press conference, ECB President Christine Lagarde said that inflation will be above 2% for most of 2022. 

Additional Takeaways: 

"Slower growth likely to extend into the early part of next year."

"Economy to exceed pre-pandemic level 1Q 22."

"Containment measures could delay recovery."

"Rising energy costs a headwind."

"Bottleneck will be with us for some time, should ease in 2022."

"Expects growth to rebound strongly in 2022."

"Uncertainty about how long for issues to be resolved."

"In course of 2022, expect energy prices to stabilize."

"Risks to outlook are balanced."