Economist at UOB Group Lee Sue Ann assesses the latest ECB monetary policy meeting.
Key Takeaways CPI rose 2.9% y/y in Oct, down from the previous reading of 4.3%, and lower than expectations of 3.1%. Core CPI also eased to 4.2% y/y, from a previous reading of 4.5%. Month-on-month, inflation in the bloc came in at 0.1% m/m, below consensus forecast and the previous month’s reading of 0.3% m/m. We see inflation at 5.6% in 2023 and 2.7% in 2024. GDP for the Eurozone decreased by 0.1% q/q in 3Q23, from a revised 0.2% q/q gain in 2Q23 .
Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 0.1%, following a gain of 0.5% in 2Q23. For now, we continue to expect the Eurozone economy to expand by 0.5% in 2023 and 0.8% in 2024. The latest growth and inflation backdrop certainly adds to the case of the European Central Bank standing pat, as it decided to keep its three key interest rates unchanged at the Oct meeting. The ECB weighs in on 14 Dec for its final monetary policy meeting of the year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Eurozone Sentix Investor Confidence Index improves to -18.6 in November vs. -21.9 priormore to come ... .
Consulte Mais informação »
Closing prices for crude oil, gold and other commoditiesBenchmark U.S. crude oil for December delivery rose 31 cents to $80.82 per barrel Monday. Brent crude for January delivery rose 29 cents to $85.18 per barrel. Wholesale gasoline for December delivery rose 4 cents to $2.24 a gallon. December heating oil rose 3 cents to $2.95 a gallon. December natural gas fell 26 cents to $3.26 per 1,000 cubic feet.
Consulte Mais informação »
ECB must remain vigilant, be ready to hike rates again, Holzmann saysECB must remain vigilant, be ready to hike rates again, Holzmann says
Consulte Mais informação »
Multinationals plan moves to minimise China risk, ECB survey showsMultinationals plan moves to minimise China risk, ECB survey shows
Consulte Mais informação »
Metrolink announces dayslong closure in December for maintenancePublic transit users should prepare as Metrolink plans for a dayslong closure next month due to maintenance.
Consulte Mais informação »
Barclays sees Fed raising rate in January instead of DecemberBarclays said it now expects the U.S. Federal Reserve to deliver a 25 basis point interest rate increase in January instead of an earlier expectation for a December hike.
Consulte Mais informação »