ECB Survey: Eurozone HICP seen at 6% in 2022, 2.4% in 2023

Eren Sengezer FXStreet

According to a recently conducted European Central Bank (ECB) survey, the Harmonised Index of Consumer Prices (HICP) in the eurozone is seen at 6% in 2022 and 2.4% in 2023.

The HICP is expected to decline to 1.9% and average 2.1% in the "longer term."

According to the survey, the Gross Domestic Product in the eurozone is forecast to expand by 2.9% 2.3% and 1.8% in 2022, 2023 and 2024, respectively.

Market reaction

The EUR/USD pair continues to fluctuate in a tight range slightly above 1.0800 in the European session.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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