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Since our last meeting in October, the global growth outlook has improved somewhat, reflecting revised growth prospects across both advanced and emerging market economies. The disinflationary process has continued amid falling energy prices, the normalisation of supply conditions and tight monetary policy. While the global economy has weathered the tightening of monetary policy well, growth prospects remain subpar by historical standards. Risks to the global outlook are broadly balanced for both economic activity and inflation, though rising geopolitical tensions pose an upside risk to inflation and a downside risk to growth. post: ECB'S PRESIDENT LAGARDE: THE DISINFLATION PROCESS IN THE EURO AREA HAS CONTINUED. post: ECB’s Lagarde: if Inflation Criteria Met, It Would Be Appropriate to Reduce the Current Level of MonPol Restriction ECB’s Lagarde: at the Same Time, the Governing Council is Not Pre-Committing to a Particular Rate Path post: ECB'S PRESIDENT LAGARDE: IF THE INFLATION CRITERIA IS MET, IT WOULD BE APPROPRIATE TO REDUCE THE CURRENT LEVEL OF MONETARY POLICY RESTRICTIONS.
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Economists once again upgraded their forecasts for US growth, spending and employment, but also see interest rates remaining higher for longer as above-target inflation persists. The upper boundary of the Federal Reserve’s target range for its benchmark interest rate, currently 5.5%, will fall only to 4% by the end of 2025, according to the latest Bloomberg ...
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