Differences in eurozone states ‘support disinflation narrative’
BdF deputy governor confident inflation will keep falling based on wage developments
A deputy governor of the Banque de France (BdF) has said differences in eurozone economies suggest disinflation is likely to continue.
Speaking at the Peterson Institute in Washington, DC, on October 23, Agnès Bénassy-Quéré highlighted several “sizeable” differences across eurozone member states, from government policy to the share of industry in the economy and level of firms’ leverage. She said all these factors had contributed to uneven monetary policy transmission.
She added that one of the
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