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MNI BRIEF: ECB Survey Of Forecasters Has '24 Inflation At 2.1%

(MNI) London
(MNI) London

Professional forecasters up inflation outlook in latest survey, but in line with the ECB's own outlook.

True

Inflation across the euro area is currently forecast to be just above the European Central Bank's medium-term inflation target, the bank's latest survey of professional forecasters shows. The outlook for 2024 from the Q3 SPF is currently in line with those of the ECB's own staff forecasts.

Inflation is seen at 7.3% for 2022, 3.6% in 2023, 2.1% in 2024 and 2.2% over the longer term. That compares to 6.0%, 2.4%, 1.9% and 2.1%, respectively, in the Q2 survey. The forecast of inflation at 2.1% in 2024, the ECB's medium-term horizon, is the same as that in the last-round projections from the central bank's staff economists.

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Inflation across the euro area is currently forecast to be just above the European Central Bank's medium-term inflation target, the bank's latest survey of professional forecasters shows. The outlook for 2024 from the Q3 SPF is currently in line with those of the ECB's own staff forecasts.

Inflation is seen at 7.3% for 2022, 3.6% in 2023, 2.1% in 2024 and 2.2% over the longer term. That compares to 6.0%, 2.4%, 1.9% and 2.1%, respectively, in the Q2 survey. The forecast of inflation at 2.1% in 2024, the ECB's medium-term horizon, is the same as that in the last-round projections from the central bank's staff economists.

Keep reading...Show less