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
|ECB Overnight Deposit Rate (%, eop)||-0.40||-0.40||-0.50||-0.50||-0.50|