"Selling prices continued to increase in aggregate but at a moderating pace and with more variability across sectors and a less certain outlook," the ECB said in its summary of the findings. Expectations of entrepreneurs for future price increases peaked in early 2022 and have since been steadily declining, with a smaller pace of price hikes seen in 2023. "The effective likelihood that they would increase prices would...depend on the ? increasingly uncertain ? evolution of input costs and (price sensitivity of) demand," the ECB said. (Reporting By Francesco Canepa; Editing by Arun Koyyur)
Messaging: francesco.canepa.thomsonreuters.com@reuters.net)) FRANKFURT, Feb 3 (Reuters) - Euro zone companies expect
to slow the pace of price increases this year as their outlook
for costs and demand becomes less clear, a survey by the
European Central Bank (ECB) showed.
The central bank raised interest rates for the fifth
straight times on Thursday and signalled more hikes ahead,
reaffirming it would stay the course in the fight against high
inflation.
Helping the ECB's effort to tame rising prices, its
quarterly exchange with large euro zone companies showed they
had been slowing the pace of price increases and were
anticipating smaller rises this year.
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