Inflation may be lower than we thought

At the moment, it appears that with energy and gas prices frozen in the first months of next year, inflation may be lower than expected in the National Central Bank's November forecast. However, in the long term, price dynamics are subject to uncertainty because, on the one hand, they will depend on the pace of the expected economic recovery and, on the other hand, on financial and regulatory factors, including VAT rates on food and energy. Marta Keightley said during a meeting of the House of Representatives Public Finance Committee on “Monetary Policy Assumptions for 2024.”

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