The European Central Bank’s new economic estimates will show an inflation forecast for 2024 above 3%, according to a person familiar with the prediction.
(Bloomberg) — The European Central Bank’s new economic estimates will show an inflation forecast for 2024 above 3%, according to a person familiar with the prediction.
- The ECB’s June forecast saw 3% for 2024
- ECB Vice President Luis de Guindos said on Aug. 31 that new inflation projections would be “similar to what we had in June”
- An ECB spokesperson declined to comment
- The new forecast was previously reported by Reuters
- ECB’s two-day policy meeting starts Wednesday, rate decision due Thursday at 2:15 p.m. in Frankfurt
- Read more: ECB Suspense Intensifies With Officials Split Over Rate Decision
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