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Several analysts agree in expecting a significant reduction in GDP estimates, and an increase in CPI, as a consequence of the sharp deterioration of the economy.
The European Central Bank is between a rock and a hard place: it must find the balance between managing rising inflation and downside risks to growth.
PIMCO anticipates further interest rate hikes in February, even though “visibility beyond the short term remains low”.
The central banks of the largest industrialized countries have had to tighten monetary policy.
The latest analysis from Gilles Moëc, chief economist at AXA IM, on the ECB’s rate hike outlook for the remainder of the year.
The monetary authority has explained that it plans to continue raising rates after this large increase – the highest so far – because “inflation remains too high and is likely to remain above target for an extended period”.
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