ECB forecasts

Market news

20 January 2017

ECB forecasts

Inflation expectations have been revised upwards for 2017 and 2018, largely because of higher oil prices. Longer-term inflation expectations remain unchanged at 1.8%.

Real GDP growth expectations have been revised upwards for 2017, but are unchanged for years further ahead further out.

Unemployment rate expectations have been revised downwards.

A weekly close above 0.7330 on NZD/USD would imply a retest of the 2016 highs says NAB

UK retail sales declined more than expected in December

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