rate at 5 5.25%. but it has won the there may be increases later in this year. what exactly is the european central bank thinking? when it comes to its increases today, here is what the president had to say. indicators of underlying the president had to say. indicators of underlying price the president had to say. indicators of underlying price pressures - the president had to say. indicators| of underlying price pressures remain strong, although some show tentative signs of softening. staff have revised up their projections for inflation, excluding energy and food, especially for this year and next, owing to past upward surprises and the implications of the robust labour market for the speed of this inflation. they now see it reaching 5.1% in 2023, before it declines to 3% in 2024. 50 5.1% in 2023, before it declines to 396 in 2024- 5.196 in 2023, before it declines to 396 in 2024. ., ., 396 in 2024. so that view there from the eumpean 396 in 2024. so that view there
relatively limited spill over effects into the rest of the world, where chinese growth is when they engage in a big cycle, there is a big investment agreement, they start demanding machinery in particular from germany, where the european and chinese growth becomes quite strong. that wasn t ever really going to be the case from a reopening. given how the case from a reopening. given how the economy has been, but in the second half of the year i think we can work on the assumption that they will be more stimulus and ultimately that should be good news for the global economy. that should be good news for the global economy. really good to talk to ou, global economy. really good to talk to you. ralf global economy. really good to talk to you, ralf preusser global economy. really good to talk to you, ralf preusser there, - global economy. really good to talk to you, ralf preusser there, globall to you, ralf preusser there, global head of rates we search for the bank of america, really g