🧵Recent Eurosystem and ECB staff projections have largely underestimated surging inflation. Such forecast errors are widespread across peer institutions, which suggests they are due to unforeseen global factors https://www.ecb.europa.eu/pub/economic-bulletin/focus/2022/html/ecb.ebbox202203_05~6d1fb8f5b0.en.html #EconomicBulletin

1/3

🐦🔗: https://nitter.eu/ecb/status/1519592363370459137