ECB’s Survey of Professional Forecasters revised up inflation figures
|The ECB has published its Survey of Professional Forecasters for Q2 2017. Respondents now see inflation figures tracked by the CPI rising 1.6% in 2017, 1.5% in 2018 and 1.7% in 2019. The CPI is seen higher in this year and the next one, while expectations are unchanged for 2019. The average longer-term inflation expectations stayed anchored at 1.8%.
Regarding GDP, the survey now expects the economy to expand 1.7% this year, 1.6% in 2018 and 1.5% in 2019.
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