The European Central Bank (ECB) published, on Friday 5 May, the results of the ECB Survey of Professional Forecasters for the second half of 2023 (SPF). Their projections reflect some recent developments, such as the decline in energy prices.
The 58 respondents expectations of overall HICP inflation have been revised significantly from the previous survey, which was conducted in February.
Their projections are down for 2023 (5.6%, down from 5.9%) and 2024 (2.6%, down from 2.7%), reflecting...