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Welcome to Monday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the week:

• Central banks are starting to tip-toe away from the emergency stimulus they deployed to fight the pandemic-driven global recession
• European companies are pushing up prices as supply disruptions lift costs and hamper their ability to match surging demand
• ECB policy maker Isabel Schnabel said it is “ necessary and proportionate” that inflation overshoots the institution’s goal for a while as the economy recovers
• Turkish inflation probably quickened again, reducing the likelihood of a summer interest-rate cut sought by the country’s president
• An unlikely group of EU countries from far-flung corners of the bloc accounting for just 4% of its output is resisting worldwide consensus on a revamp of corporate tax
• China’s Xi Jinping is expected to speak this week with Germany’s Angela Merkel and France’s Emmanuel Macron, as they attempt to keep human rights disputes from scuttling efforts at cooperation
• Young people in the U.K. are emerging from the coronavirus crisis blighted by poor mental health and worried about their financial future, reports published Monday warned
• France desperately needs pension reform, just not right away. That’s the message for President Emmanuel Macron from a chorus of top business leaders
• Here is our wrap of what is coming up in the global economy