Inflation impact of ECB tightening will peak in 2024, says research
Effect on economic activity is faster and will reach highest intensity in 2023
The inflation impact of the monetary policy tightening implemented by the European Central Bank will peak in 2024, says research published by the institution on May 15.
However, the effect on economic activity is likely to be faster, and is projected to reach its highest intensity in 2023.
“Policy normalisation has exerted significant downward pressure on inflation and real GDP growth across the whole of the projection horizon,” say the authors. “Most of the impact on inflation is expected to
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