Is There a Base Effect on Inflation?

Inflation will likely decline lets in one year from now, even without a further strong monetary tightening. We still don't know what will happen to energy prices. For me and for asvid, with caterina martins, we suggested that there should be a more cautious approach. That's why i think thereis still a case for monetary tightening. Bu due to the lots of uncertainties and all of these base effects, our recommendation was to go slowly in the next few months.