ECB Monetary Policy Meeting 26/10/2023
Inflation in Europe is declining but remains high, therefore out of target (in Italy: in August 5.44%, September 5.34%; in France: in August 4.9%, September 4.9%; in UK: in August 6.7%, in September 6.7%). This is influenced by geo-political events, first of all the conflict between Israel and Palestine, which causes risks to the energy sector, with the price of oil remaining high (BRENT: $88) further adding inflationary pressures.