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.
Consumer price rises continue to slow in Ireland, although inflationary pressures remain strong, with core HICP inflation remaining higher and stickier than the headline rate throughout the current projection period, the Central Bank of Ireland said on Tuesday in its latest quarterly bulletin.
However, headline HICP inflation is still forecast to decline over the next years, and at a faster pace than previously expected, falling to 2.0% in 2024, 1.8% in 2025 and 1.4% in 2026 -- all below the current eurozone projections published by the ECB on Mar 7. It was the first time in over two years that Irish inflation projections have fallen below those for the eurozone.
Core inflation is also expected to slow, albeit remaining above the headline rate throughout the forecast period. Core is seen at 3.0% in 2024, 2.1% in 2025 and 1.7% in 2026.
According to chief economist Robert Kelly, risks are now broadly balanced, although both upside and downside risks persist. (see MNI SOURCES: ECB Cut Expectations Range From 50-100BP In 2024)
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.