ECB’s Survey of Professional Forecasters revised up inflation figures

Pablo Piovano FXStreet

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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Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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