Bundesbank downgrades its inflation forecasts

Market news

15 February 2016

Bundesbank downgrades its inflation forecasts

The German Bundesbank cut its inflation forecasts on Monday. The central bank expects inflation in Germany to be 0.25% in 2016, down from its previous forecast of 1.1%, and 1.75% in 2017, down from its previous forecast of 2.0%. The downward revision was driven by a drop in oil prices.

The Bundesbank also said that the economic growth in Germany would accelerate in the first quarter of 2016 due to a rise in consumption and construction activity.

European Central Bank President Mario Dragh: the economy in the Eurozone expanded moderately

People's Bank of China Governor Zhou Xiaochuan: there is no need to depreciate the yuan

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