As a reminder inflation projections have been revised higher by the ECB
- 2021 2.6% (vs 2.4%)
- 2022 3.2% (vs 1.7%)
- 2023 1.8% (vs 1.5%)
- 2024 1.8%
Nothing new from Muller's comments, but just remember that inflation will remain a hot topic. At the moment the projections are still seen to be transitory as inflation is returning to below 2% by 2023. Hence Villeroy's comments earlier about 'peak inflation'.
