- Inflation is still expected to decrease progressively and settled at levels around our 2% inflation target in 2024
- Uncertainty around the outlook has increased significantly
- Economy should still grow robustly in 2022
- If the incoming data support expectation that the medium-term inflation outlook will not weaken even after the end of net purchases, we will conclude net purchases in the third quarter
- War would lower growth and raise inflation via higher energy and commodity prices
