Tuesday, November 21, 2017

The Phillips curve model suggests that low unemployment and high capacity utilization pushed inflation higher this year, but were more than offset by positive supply effects. We expect the central bank to extend policy easing into 2018 by cutting the policy interest rate to 7.25% by December. 

IIF Authors

Ondrej Schneider

Ondrej
Schneider
Head of EM Europe Research
+1-202-857-3635
oschneider@iif.com

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