12/15/2020 | Press release | Distributed by Public on 12/15/2020 05:16
Press release: Central Bank publishes research on consumer expectations and behaviours and their effects on economic outcomes
Press release: Central Bank publishes research on consumer expectations and behaviours and their effects on economic outcomes
15 December 2020Press Release
Consumption fell less severely in October than March following increased containment measures, with both periods showing a substantial reallocation of spending from
outside to
inside the home
While forced saving during the pandemic could support future spending, savings were larger for higher income households and so may be spent more slowly as a result
Confidence in the economy, food and energy prices, expected labour market conditions (for firms), and past economic situation (for consumers) have a strong influence on inflation expectations