Less than two weeks before the next decision of the Coupon (Monetary Policy Committee), on June 17, the financial market began to expect inflation to exceed the target for 11 months in a row: from May of this year to March of 2027. The medians of the Market Expectations System, which underpins the Focus report, indicate that the HICP (National Broad Consumer Price Index) should reach 4.62% in the accumulated 12 months to May. Then, the index sho…
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Less than two weeks before the next decision of the Coupon (Monetary Policy Committee), on June 17, the financial market began to expect inflation to exceed the target for 11 months in a row: from May of this year to March of 2027. The medians of the Market Expectations System, which underpins the Focus report, indicate that the HICP (National Broad Consumer Price Index) should reach 4.62% in the accumulated 12 months to May. Then, the index sho…