Thorsten Jansen
It was reported on Tuesday that in August, consumer prices in the Eurozone rose by 2.1% compared to the previous year, which is an increase from July's 2%. Analysts generally anticipated that the price growth rate in August would stay at the same level as in the prior month.
The regulator's June projection anticipated a drop in inflation to 1.6% next year, with a return to the 2% target by 2027. Revised projections will be released after the September meeting.
De Galhau further observed that the quickening of the French economy's growth rate in the second quarter raises hopes that the annual growth will meet the 0.6% forecasted by the Central Bank.
“Under these relatively stable circumstances, addressing the primary issue of France's economy - the high budget deficit and public debt - is particularly crucial,” he stated. The head of the Bank of France remarked that there is no easy answer to the fiscal issue.”
source: reuters.com
The regulator's June projection anticipated a drop in inflation to 1.6% next year, with a return to the 2% target by 2027. Revised projections will be released after the September meeting.
De Galhau further observed that the quickening of the French economy's growth rate in the second quarter raises hopes that the annual growth will meet the 0.6% forecasted by the Central Bank.
“Under these relatively stable circumstances, addressing the primary issue of France's economy - the high budget deficit and public debt - is particularly crucial,” he stated. The head of the Bank of France remarked that there is no easy answer to the fiscal issue.”
source: reuters.com
