Italy's central bank lowers 2023 inflation forecast, boost GDP<p>The Bank of Italy has updated its forecasts for the year ahead.</p><ul><li>GDP seen up 0.6% vs 0.4% prior</li><li>Inflation seen up 6.5% vs 7.3% prior</li></ul><p>Much (maybe all?) of that is a function of falling energy prices, which itself was a function of better weather. But it's likely indicative of Europe as a whole and adds momentum to the idea that the ECB won't need to hike as much as Lagarde indicated in December.</p>
This article was written by Adam Button at www.forexlive.com.
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