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MNI BRIEF: Path To Lower Inflation Gradual and Uneven-Irish CB

(MNI) LONDON
(MNI) London

Irish central bank says inflation slowing, but future path increasingly likely to be led by domestic factors.

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Irish inflation is easing, helped by by tighter monetary policy, but it remains high and its future path sensitive to potential global shocks and the persistence of buoyant domestic demand, the Central Bank of Ireland noted in its latest Quarterly Bulletin.

In the release published Tuesday, the central bank said domestic inflation will dip to an average 5.4% this year and 2.3% by 2025 -- a touch above the ECB's average projection for the whole of the eurozone.

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Irish inflation is easing, helped by by tighter monetary policy, but it remains high and its future path sensitive to potential global shocks and the persistence of buoyant domestic demand, the Central Bank of Ireland noted in its latest Quarterly Bulletin.

In the release published Tuesday, the central bank said domestic inflation will dip to an average 5.4% this year and 2.3% by 2025 -- a touch above the ECB's average projection for the whole of the eurozone.

Keep reading...Show less