“We expect inflation to rise in 2021 from current negative levels“, said on Tuesday the member of the governing board of the ECB Isabel Schnabel.
Additional comments:
Just because inflation is as low as it is now does not mean that it no longer exists.
Globalization has had a moderating effect on the evolution of prices.
Inflation should be bolstered by rising energy prices and the expiration of the German tax cut.
Could have an increase in prices in the service sector if vaccination occurs faster.
But such development not to be confused with a sustained increase in inflation.
So, this would not have a material impact on the monetary policy of the ECB.
There are no signs that one should worry that inflation is too high for now.
For December, the annual CPI of the block was -0.3%, reaching below the expectations of -0.2% and equaling the -0.3% of the previous month.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
