RSS ECB's Vasle: Declining services inflation strengthened the confidence in return to target

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 RSS ECB's Vasle: Declining services inflation strengthened the confidence in return to target

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  • Declining services inflation strengthened the confidence in return to target.
  • ECB will decide monetary policy meeting by meeting on the basis of current situation, core inflation and policy transmission.
  • Inflation is steadily approaching the target.
  • Services inflation remains high, but in recent months it has been steadily moderating which was partly due to lower wage growth.
  • Monthly data continue to point to weak growth both due to poor conditions in manufacturing and slowdown in services sector growth.
This article was written by Giuseppe Dellamotta at www.forexlive.com.
 
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