RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Forecasters Up Price Expectations Again -ECB Survey

Professional forecasters have again upped their expectations for euro area inflation for each of the 3 year horizons, now seeing inflation average 2.4% over 2024, up from 2.1% in the July quarterly survey. Over 2023, the forecast now stands at 5.8%, a full 1.2% above the previous quarters outlook.

Inflation expectations for the 2022, 2023 and 2024 horizons now stand at 8.3%, 5.8% and 2.4% respectively;1.0, 1.2 and 0.3 percentage points higher compared with the previous survey round. According to the survey, upward revisions primarily reflect "a combination of higher (non-oil) energy and food prices as well as their pass-through to other prices and higher forecast wage growth. Longer-term inflation expectations (for 2027) stood unchanged at 2.2% on average."

The ECB, already 200bps into a tightening cycle) closely watches the SPF outcomes and, with no signs of a let up in the inflation outlook, the survey suggests further tightening is still ahead for the Frankfurt policymakers. (MNI ECB WATCH: ECB Hikes 75bp, Changes TLTRO Terms)

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Central Bank NewsPolicy NewsHomepageEuropean Central BankCEEMEAEurozoneEuropean Central Bank (ECB) Market NewsBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.