ECB's economic forecasts could foresee inflation above 2% in 2024, pushing the odds of interest rate hikes in the short-term higher. The European Central Bank's economic forecasts could foresee inflation above 2% in 2024, paving the way for interest rate increases in the near term. For 2022, inflation is likely to be revised up to 7% or higher from the current 5.1%, while economic growth is likely to be cut for both 2022 and 2023. - TD Securities
Comments