7 days of Economics - ECB: predictable projections create dovish bias

Core inflation projections by the ECB have followed a surprisingly predictable path Starting at close to but below 2% for long horizons, they decline as the remaining horizon shortens   The big difference between the projections at long horizons and the eventual outcome implies they provid... - (source: group.bnpparibas)

Source: BNP Paribas
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