Draghi’s little fibs

Practically speaking, no one should expect any ECB tightening at all until some time in 2022.

High Frequency Economics - Brexit

Ya gotta have a forecast

Without a forecast, the Bank of England is without a clue about whether there will be inflation on March 29, or thereafter.

Growth is not a crime

Our bet is that the ECB will maintain accommodative monetary conditions into 2019 at least.

What is inflation?

The CPI rises every time there is inflation and falls when there is deflation, but every change in the CPI is not due to inflation or deflation.