2023-09-29 19:42:07
The European Central Bank (ECB) reaffirmed its forecast two weeks ago that the official target of 2% inflation would not be reached until 2025 in the euro zone. 79866587/Minerva Studio – stock.adobe.com
DECRYPTION – From the start of summer, Belgium and Spain posted average price increases that put the rest of Europe to shame.
Listening to the central bankers, the fight against inflation would be far from won. Which justifies in their eyes a severe regime of high interest rates, which should continue for a long time – at least until mid-2024 according to market expectations. The European Central Bank (ECB) reaffirmed its forecast two weeks ago that the official target of 2% inflation would not be reached until 2025 in the euro zone. In September, the price increase there was 4.3%: a welcome deceleration after 5.2% in August, but which remains more than twice as high as the target.
Some countries could find the potion all the more bitter since they have already fallen below the fateful threshold of 2%. From the start of the summer, Belgium and Spain posted average price increases (1.6% in June) that made the rest of Europe pale in comparison. In Belgium, this decline even reached 0.7% in September, while the figure for Spain rebounded to 3.2% this month. Conversely…
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