📊 ECB SPF Revised Inflation Up Across The Forecast Horizon

• ECB SPF headline inflation forecasts see 7.3% for 2022, 3.6% for 2023, 2.1% for 2024. All projections were revised to the upside, the 2022 and 2023 were lifted by more than a percentage point compared to the previous survey. Long-term inflation was revised to 2.2%, above the ECB's price target

• For GDP, SPF revised down both 2022 and 2023 with growth projected at 2.8% and 1.5%, respectively.