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Italy's central bank lowers 2023 inflation forecast, boost GDP
The Bank of Italy has updated its forecasts for the year ahead.
- GDP seen up 0.6% vs 0.4% prior
- Inflation seen up 6.5% vs 7.3% prior
Much (maybe all?) of that is a function of falling energy prices, which itself was a function of better weather. But it's likely indicative of Europe as a whole and adds momentum to the idea that the ECB won't need to hike as much as Lagarde indicated in December.
This article was written by Adam Button at www.f... Read More
Posted: Jan 20 2023, 14:20
Author Name: forexlive
Views: 110822
