ECB's Lagarde: The resolution of bottlenecks is uncertain, should fade in H1 2022

Lagarde comments on the ECB panel discussion

• The resolution of bottlenecks is uncertain, should fade in H1 2022
• Eurozone could be back a pre-pandemic levels at year end
• Inflation expectations have gone up but they're still distant from our targets
• We will be watching eurozone wage negotiations, haven't seen any sign of 'contamination' of second-round effects