ecb minutes, 2022-12-14
The updated downside scenario in the December projections that reflected these risks pointed to higher inflation than in the baseline in 2023 and 2024 (at 7.4% and 3.6% respectively) as energy prices spiked, whereas in 2025 inflation was seen dropping below the baseline, to 2.0%, as the downward impact from the demand channel started to dominate.
Sentiment: neutral
Topic: mp_inflation