ECB forecasts see 2022 inflation at 6.8% vs 5.1% in March

• 2023 forecast 3.5% vs 2.1% in March
• 2024 forecast 2.1% vs 1.9% in March

Core HICP:

• 2.2% in 2022
• 2.8% in 2023
• 2.3% in 2024

GDP:

• 2022: 2.8% vs 3.7% in March
• 2023: 2.7% vs 2.8% in March
• 2024: 2.1% vs 1.6% in March

Inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term is projected to be slightly above target in 2024 at the end of the forecast period. The statement indicates the ECB will stick to gradual hikes for longer than the market believes.

The risk is that falling growth tanks demand. Those GDP forecasts look awfully rosy to me.

The forecasts were initially released with the ECB statement, which is a change in tactics. Normally they're first released during the press conference.