The March 2022 projections of the ECB include an upward revision by almost 2 points of its inflation forecast for 2022 (5.1%) and a downward revision by half a point of its growth forecast for 2022 (3.7%). Inflation would then fall back towards the 2% target and growth is expected to remain strong. In terms of monetary policy decisions, the ECB announced in particular a faster APP tapering and its possible conclusion in Q3 if inflation does not weaken as expected.
