2024-05-29 09:15:00 ET
Summary
- We expect a slight upward revision of growth and inflation for this year, but no changes to the profile and the timing of inflation dropping below 2%.
- The ECB’s forecasts of inflation dropping below 2% and staying there from the second half of 2025 onwards give the ECB the room to gradually reduce rates in line with the market expectations included in the staff projections.
- Any signs of reflation and also stronger economic activity would limit the ECB’s room for manoeuvre.
By Carsten Brzeski ...
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For further details see:
ECB Preview: 'One Is None' Or 'One And Done'?