- ECB Economic Bulletin: Most of the impact on inflation is expected from 2023 onward
Market news
15 May 2023
ECB Economic Bulletin: Most of the impact on inflation is expected from 2023 onward
The European Central Bank (ECB) published its Economic Bulletin article this Monday, offering details on the economic, financial and monetary developments in the Euro area.
Key highlights
Most of the impact on inflation is expected from 2023 onward.
The impact is expected to peak in 2024.
Policy tightening is estimated to have lowered inflation by around 50 bps last year.
The downward impact on inflation is expected to average around 2% over 2023-25.
Transmission of rate hikes to economic activity is faster.
Impact on GDP growth expected to peak in 2023.
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