A global recession is on the horizon - please read OP for mod warning

Depends on which country/region, but here in Europe, since the 2008 FC it's been on average around 2% per year (just after the FC is spiked to around 4%, in 2014 to 2016 is was famously close to 0%)

Around 2% is optimum. Central bankers are not "magicians" that pull magic levers. They have a basket of tools they use to mitigate bad effects or encourage good effects, e.g. encouraging growth if sluggish, or helping induce a slow-down if overheating.

Considering we've just been through a global pandemic, now a European war and energy crisis - comparatively speaking things are relatively good (for most of Europe).

Some people think all this stuff is all somehow controlled by an homogeneous group, it isn't. Managing economies to benefit 8 billion people and somehow keep growth or relative stability through all this turbulence is fiendishly complex.

It needs to be stressed again and again that inflation is not coming down.

Matt Cooper on during the week talking about inflation falling, the rapid rate of increase is a slightly less rapid rate of increase.

It's a positive but it's as you say a multi year project to 2%.

That's a goodnight few years of pain to come.

Did you read the screenshot you posted? They want to force banks to report the frozen assets. It was never in the EU bank account like your money.

I find it amusing that you keep implying, EU, US, FED, ECB, etc are stupid but your understanding of the articles/graph you post is almost always incorrect.

You are quoting TASS, that's a Russian news outlet.

The cash and assets are frozen by custodians. For example, Clearstream Banking Luxembourg, where the Central bk of Russia will have an account, will have it's assets (and long cash balances) frozen subject to EU and US sanctions. Likewise other European and global custodians.

It's Russian propaganda nonsense and you should know better

Here's the original article it distorted notice the slight difference?

No it doesn't.

It's known where the assets are, it just hasn't been formally reported to the EU legal service. Keyword: formally. There's been no need to, custodians report to central banks. The EU are requesting this formal balances reporting only now because they are considering steps to be able to sell the assets.

Oh we can be sure that Russia will retaliate. They've already stolen leased planes and taken over businesses that have left Russia. Even if these Russian central bank assets aren't sold off to pay for Ukraine I suspect that Russia will move to grab a lot of this stuff anyway down the line. It's essentially run by a crime syndicate.

Inflation in Ireland has fallen for the last 2 months

Russia could have returned the planes through any number of ways through third parties, they didn't, likewise they simply stole assets of companies leaving the country.

Perhaps, or perhaps this is just more of the same doomsday hysteria and Kremlin koolaid we saw last year that never materialised.

Airlines losing out to China. Add in the jet fuel situation and they could end up with a huge slice of that pie.

The last 2 months MoM there has been deflation its been in the minus figures and I think we will see that continue , people cant afford the prices and with further interest rate rises its going to going to squeeze the wallets a lot more

Looks like the US may be getting ready to launch some new boomerangs soon enough. Could well be a few countries starting to offload some bonds and pull cash out out of there as well. ****ing losing the plot those lads for some reason.

That graph is annualised inflation, not month on month inflation. Annualised inflation is indeed positive, but month on month has been negative for the last two months.

For January 2023, inflation in Ireland was 7.8%. However, month on month inflation was -0.8%, or 0.8% deflation. This is actual deflation, not just the reduction in the rate of annualised inflation.

This effectively means prices were 7.8% higher than January 2022, but were 0.8% lower than December 2022. We would need quite a few months of deflation to ever see January 2022 prices again, which is unlikely to ever happen, but we are moving in the right direction to get to 2% inflation.

Prices are higher now than a year or two ago and they may drop back a little, but ultimately they will never go back to what they were and that is not the target, the target is to get inflation back to a manageable rate. And over time wage increases will keep pace with the increased prices.

Without a doubt more boomerangs will be getting launched soon.