Lagarde: Recovery on Track Even as Pandemic Casts Shadow

The video discusses the progress in vaccination and easing of lockdowns in the euro area, while highlighting the ongoing uncertainty due to the Delta variant. It addresses the temporary rise in inflation and the need to maintain favorable financing conditions to support economic recovery. The ECB's pandemic emergency program is expected to continue at a higher pace, alongside other measures to stabilize inflation at 2% over the medium term.

What is a major source of uncertainty mentioned in the context of the pandemic?

• The Beta variant

• The Delta variant

• The Alpha variant

• The Gamma variant

Why is it important to maintain favorable financing conditions during the pandemic?

• To increase inflation rapidly

• To support a temporary economic rebound

• To decrease government spending

• To ensure a lasting economic expansion

What is the expected pace of purchases under the pandemic emergency program in the current quarter?

• Same as the first month of the year

• Higher than the first month of the year

• No purchases are expected

• Lower than the first month of the year

What is the ECB's target inflation rate over the medium term?

• 4%

• 2%

• 1%

• 3%

Which of the following is NOT a measure confirmed by the ECB to support price stability?

• Key ECB interest rates

• Tax reduction policies

• Asset purchase program

• Reinvestment policies