Ekonomické zprávy
12.11.2021

Euro zone inflation to fall back below target in 2023 - ECB's Simkus

Reuters reports that Lithuanian policymaker Gediminas Simkus said that eurozone inflation will fall back below the ECB's 2% target in 2023, so conditions for an interest rate hike, as stipulated by the bank's guidance, have not been met.

"Even if we have a certain increase or even higher inflation rate projection for this year, more than 2%, it’s to return to lower than target levels in 2023, and this is not in line with the forward guidance," Simkus said.

Earlier, the ECB projected price growth back under target in 2022.

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