ECB and Euro Area Economy Monitor - 2023-06-14
Date:
Thursday, June 15, 2023
Summary:
The ECB admits that "inflation has been coming down" and "price pressures...show tentative signs of softening." But still another 25 bp rate hike. At the prior meeting they acknowledged the risks arising from lags in transmission of policy -- this time they didn't bother. Eyes firmly on the rear-view mirror, they took that language out entirely.