(CercleFinance.com) – At the end of its monetary policy meeting, the European Central Bank announced a reduction in its inflation projections in the euro zone, now anticipating it at 2.3% this year , then to 2% in 2025 and 1.9% in 2026.
Excluding energy and food products, its underlying inflation assumptions have also been revised downwards to average 2.6% for 2024, then 2.1% and 2% respectively over the two years. following.
‘Financing conditions are restrictive and past increases in interest rates continue to weigh on demand, which contributes to the slowdown in inflation,’ explains the ECB, which also mentions a lower contribution from oil prices. energy.
It also lowered its growth projection for 2024 to 0.6%. The euro zone economy is then expected to recover and grow by 1.5% in 2025 and 1.6% in 2026, supported first by consumption, then also by investment.
Copyright © 2024 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends using the buttons below.
