ECB to review current inflation spike and stick to easy policy

ECB to step up support for more quantitative easing next month, says HSBC

The company says mounting inflationary pressures in the eurozone will not deter the ECB from sticking to its accommodative stance, despite estimates of annual inflation reaching an all-time high of 4.5% in November, according to HSBC’s senior economist. .

In a note to clients, the firm states that:

“November’s high inflation may make it harder for ECB President Lagarde to maintain the ‘transitional inflation’ line. But we still expect the ECB to ‘examine’ the current inflationary surge and announce a new one. support for QE for 2022 in December. “

As for the year ahead, companies expect inflation to drop to 1.4% by the end of 2022, claiming that “November should mark the peak of headline inflation and sub-inflation. underlying ”with“ futures prices indicate a significant moderation in gas and electricity prices after the spring. “.

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