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TD forecast higher EU inflation and thus many more ECB rate hikes (4% terminal)
TD say that their estimate of inflation for the euro-area through 2023 has been significantly raised. Analysts now expect headline inflation at 3.6% y/y in Q4 of this year (the ECB currently project 2.8%)core inflation 4.3% for Q4 2023 alsoTD analysts add that the entirety of ECB communication at and since its May decision, along with ongoing strong momentum in economic data, suggest to them that the ECB will continue hiking into the summer, reaching a terminal rate of 4.00% by September. Furthe...
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Posted: May 19 2023, 01:34
Author Name: forexlive
Views: 111668