Europe Drop-In: The euro-zone inflation outlook and the ECB May meeting

What do recent data signal about recession risk in the euro-zone? How high will the ECB take the policy rate to rein in inflation pressure? Has March’s bank turmoil had any residual impact on the European banking system?

Economists from our Europe and Markets teams held a special briefing shortly after the release of the April flash inflation data for a preview of the ECB’s 4th May meeting. During briefing, the team addressed key issues, including:

  • What recent activity data say about the recession question;
  • The latest inflation data, the price outlook, and the ECB’s response;
  • The implications for European financial markets.
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