Harmonized inflation fell to 8.6% in January from 9.2% in December, mainly due to a softer increase in energy prices. Inflation should decline this year amid cooling domestic demand, tighter financing conditions and lower energy prices. Second-round effects pose an upside risk, while a stronger-than-expected euro poses a downside risk.
Euro Area ECB Overnight Deposit Rate (%, eop) Data
| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| ECB Overnight Deposit Rate (%, eop) | -0.40 | -0.40 | -0.50 | -0.50 | -0.50 |