September 19, 2024 at 10:11AM
Price pressures in the services sector are broad-based and global
Pass-through of higher wages to producer prices is stronger in the services sector
Momentum in services remains high and above levels consistent with price stability
Medium-term inflation projections often clustered around 2% target
Wage growth expected to slow down as past price shocks unwind
Private sector forecasts suggest conditions for soft landing remain in place
Signs that transmission of monetary policy tightening is weakening
It’s just a general take on the economy and what’s currently playing out in the euro area mostly. There’s nothing new to add to the ongoing narrative surrounding the ECB’s policy outlook.
This article was written by Justin Low at www.forexlive.com.