Euro area inflation : normalisation to continue, even with upside risks in second-half 2024
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<subfield code="a">Euro area inflation is heading back to 2%, in line with our view of normalisation. Market-implied year-on-year forecasts for inflation in September this year are also centered around 2%, but include upside risks. We see inflation below 2% due to base effects before reaccelerating, but do not subscribe to a second-wave narrative</subfield>
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