- Data showed that progress on inflation is still on track.
The European Central Bank will continue to follow a data-driven approach in determining the course of its monetary policy.
- The European Central Bank is not committed to a prior interest rate path.
Data show that growth may slow in the third quarter of the year.
-Wage data still shows an increase higher than inflation.
Monetary policy should gradually place less restrictions on economic activity.
- It is expected that more jobs will be created in the third quarter.
We will keep interest rates sufficiently tight for as long as necessary to achieve this goal.
Growth and wage costs are expected to continue to increase in the coming period.
It is expected that the profits of euro area companies will continue to perform weaker in the coming period.
- The data received indicate that the Eurozone economy grew in the second quarter.
- There is a clear slowdown in industry and exports.
- Investments indicate weak growth in 2024.
Inflation is expected to fluctuate near current levels for the rest of the year, and the European Central Bank expects inflation to fall to the target in the second half of next year.
