Eurozone’s March Retail Sales -1.2% m/m (expected -0.1%; last -0.2%); -3.8% yr/yr (expected -3.1%; last -2.4%)
European Central Bank policymaker Villeroy de Galhau said that he prefers smaller rate hikes and that a several more increases are likely to take place.
The ECB’s latest survey of professional forecasters showed a downward revision to inflation expectations for the year (to 5.6% from 5.9%) while the growth forecast for 2023 was revised up to 0.6% from 0.2%.