|2023/03/10 / Erste Group Research|
What will the ECB decide?
Next week, an eagerly-awaited meeting of the ECB's Governing Council is scheduled. The body will not only decide on the key interest rates, but also on the further course of action to be communicated to the markets. The new inflation and GDP forecasts of the ECB economists for the coming years will be essential for this.
This week, we raised our inflation forecast for the Eurozone slightly to 5.7% for 2023 (previously 5.6%) and somewhat more to 2.7% for 2024 (previously 2.3%). The development of food prices and core inflation is the main reason for this increased forecast.
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|Author||Erste Group Research|
|Product name||Week ahead|
|Topic in focus||Macro/ Fixed income|
|Economy in focus||Eurozone, United States|
|Currency in focus||Euro, US Dollar|
|Sector in focus||-|
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