The EU Commission’s winter forecast called for 0.9% growth in the eurozone while the outlook for 2024 remains unchanged at 1.5%. Inflation for 2023 is expected to decelerate to 5.6% and slow to 2.5% in 2024.
Bank of Italy Governor Visco said that additional rate hikes will be justified if there is a wage-price spiral, adding that he does not know where the terminal rate will be.
Moody’s affirmed Germany’s AAA rating with a Stable outlook.
Swiss January CPI 0.6% m/m (expected 0.4%; last -0.2%); 3.3% yr/yr (expected 2.9%; last 2.8%)