"In the last projection exercises, we have upgraded our projections,"
"My suspicion is that we might do that again in December."
"With a track record of around 2pc inflation and a medium-term projection at 2pc, I would say again, that we are in a good place,"
"quite close to potential."
The 20-nation euro area has shown resilience to US tariff measures, with no EU retaliation, a stable euro exchange rate, and a robust labor market. Recent projection exercises were upgraded and may be revised again in December. Euro-area bond yields briefly rose and French 10-year yields hit a nine-month high above 3.60% before trimming gains, while money markets raised the chance of a quarter-point hike next year to about 40%. Policymakers increasingly view borrowing costs as likely to remain unchanged after Q3 GDP growth of 0.3% and inflation tracking around 2% on a medium-term basis.
Read at Irish Independent
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