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MNI BRIEF: ECB Dec Projections Similar To Brussels– De Guindos

(MNI) LONDON

The ECB's December round of economic projections will probably show little difference from those published by the European Commission on Friday.

True

The European Central Bank's December economic projections won’t be “very different” in terms of growth and inflation from the ones the European Commission Autumn Forecasts published Friday that sees eurozone inflation at 2.6% in 2024, ECB’s vice president Luis de Guindos said Friday at an event in S’Agaró in Spain.

There is a risk that the markets could “underestimate the inflation persistence” after US CPI data went below expectations, he said. “Sometimes (markets) mistake desires for reality”, de Guindos said, noting financial stability risks.

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The European Central Bank's December economic projections won’t be “very different” in terms of growth and inflation from the ones the European Commission Autumn Forecasts published Friday that sees eurozone inflation at 2.6% in 2024, ECB’s vice president Luis de Guindos said Friday at an event in S’Agaró in Spain.

There is a risk that the markets could “underestimate the inflation persistence” after US CPI data went below expectations, he said. “Sometimes (markets) mistake desires for reality”, de Guindos said, noting financial stability risks.

Keep reading...Show less