At the beginning of the year, the consensus market opinion was that the major central banks were set to begin their interest rate-cutting cycles in March. This reflected a persistent decline in headline and core inflation rates during 2023. Indeed, inflation rates peaked in the summer of 2022, and since then they have shown a steep decline in most economies. Citigroup’s global inflation surprise index best illustrates this trend – it shows a significant decline since 2022. Eurozone inflation  This trend was particularly evident in the eurozone, where headline inflation rates are nearly at or close to the ECB’s 2…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .