Fed Mestre: monetary policy is expected to need to move further into restricted areas this year. Inflation is expected to fall to around 3.75% this year.

[Fed Mestre: it is expected that monetary policy will need to enter the restricted area further this year. Inflation is expected to fall to about 3.75% this year.] Federal Reserve Mestre said that it is expected that monetary policy will need to enter the restricted area further this year, but how much interest rates need to be raised from the current level, and how long the policy needs to be maintained. Will depend on the development of the economic and financial situation. He also said that with the tightening of the financial environment, demand in the product and labor markets is expected to continue to slow, and inflation will continue to fall; inflation is expected to improve substantially this year, falling to about 3.75% this year, and will continue to improve next year and reach the 2% target by 2025.