The European Central Bank’s Consumer Expectations Survey showed that inflation expectations for the year ahead slowed to 5.8% from 6.2%.
Germany’s Leading Economic Institutes raised the 2023 domestic growth forecast to 0.3% from -0.4% and lowered the 2024 outlook to 1.5% from 1.7%. The 2023 CPI forecast was cut to 6.0% from 8.8% while the 2024 forecast was started at 2.4%.
Swiss National Bank Vice Chair Schlegel repeated that everything will be done to bring inflation down, including additional rate hikes.
Finland became NATO’s 31st member state today.