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2021/10/28 / Erste Group Research

ECB: It’s all about inflation

As expected, the Governing Council did not take any relevant decisions on the use of monetary policy instruments at today’s meeting. Most of today’s meeting was devoted to discussing what drives inflation in the short and medium term. If one compares the current inflation projections of the ECB staff with the forward guidance, an interest rate hike cannot be expected in the foreseeable future.

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General information

AuthorErste Group Research
Product nameShort Notes Major Markets
Topic in focusMacro/ Fixed income
Economy in focusEurozone
Currency in focusEuro
Sector in focus-


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