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Tag Archives: ECB inflation target

ECB preview: less reason to be dovish, but inflation battle not yet over

Next week, we expect the ECB to highlight that downside risks to the euro area outlook have diminished further, warranting upward revisions to staff forecasts and a more neutral monetary stance.The latest economic developments are consistent with the ECB turning somewhat more hawkish – or, more accurately, less dovish. Business surveys have improved, pointing to annualised GDP growth of around 2% in Q1. Headline inflation returned to the ECB’s 2% target in February, for the first time in...

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