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.
Irish inflation will likely end 2023 at a lower level that previously envisaged, the Central Bank of Ireland said Wednesday. Publishing their Quarterly Bulletin for Q1 2023, the central bank said it saw Ireland's headline inflation at 5.0% this year, down from the 6.3% expected in the Q4 Bulletin. Headline inflation is seen falling to 2.2% in 2025, just above the ECB's eurozone-wide target of 2%.
Core inflation is also seen lower, but declining at a slower rate that the headline number, eventually falling to 4.3% in 2023 and 2.9% in 2024.
Robert Kelly, the Bank's Director of Economics and Statistics, said there was still "a significant amount of uncertainty around the precise path for inflation, and the extent to which underlying inflation measures such as core inflation will remain elevated."
On Tuesday, Bank of Spain Governor Pablo Hernandez de Cos told a similar story, pointing to Spanish CPI coming in lower than the 4.9% y/y seen in December. The March inflation projections from the ECB, due to be published March 16, will be a key driver for policymakers rate decisions in coming months.
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.