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2021/10/22 / Erste Group Research

ECB will maintain expansionary course

The ECB Governing Council meets next week. At the last meeting in September, it was made clear that the big decisions would not be taken until the December meeting. Thus, there will be no relevant decisions at the upcoming meeting. The focus will therefore be on assessing developments since the last meeting in September.

Next week, a first flash estimate of inflation in October will be published. Due in particular to the ongoing upward pressure from energy prices, we expect headline inflation to continue to rise slightly.

In addition, a first flash estimate of Eurozone GDP growth in 3Q will be released. As the corona infection rate was kept under control, we expect continued growth in the Eurozone for that quarter. However, we expect a slight decline in growth momentum compared with 2Q.

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General information

AuthorErste Group Research
Product nameWeek ahead
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-


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