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Inflation expectations and monetary policy

Author

Listed:
  • B. De Backer

    (NBB)

  • A. Stevens

    (NBB)

  • J. Wauters

    (NBB)

  • H. Zimmer

    (NBB)

Abstract

In 2022, inflation reached 8.4 % in the euro area, a level not seen since the creation of the currency union in 1999. Against this backdrop, one may well wonder whether economic agents still expect an inflation rate close to the 2 % target set by the European Central Bank (ECB). While this question tends to be answered in the affirmative, there are a number of points worthy of attention.

Suggested Citation

  • B. De Backer & A. Stevens & J. Wauters & H. Zimmer, 2023. "Inflation expectations and monetary policy," Economic Review, National Bank of Belgium, pages 1-38, October.
    • Handle: RePEc:nbb:ecrart:y:2023:m:october
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