• ECB survey: core inflation forecast raised to 1.1 pct from 1.0 pct for 2017; unchanged further out - SPF

Market news

21 July 2017

ECB survey: core inflation forecast raised to 1.1 pct from 1.0 pct for 2017; unchanged further out - SPF

  • Inflation forecasts cut by 0.1 pct point for 2017-2019; long-term projection unchanged

  • Gdp growth seen at 1.9 pct vs 1.7 seen 3 months ago, 2018-2019 gdp also revised up

  • Risks for inflation tilted to the downside in longer term, balanced for gdp growth

  • Unemployment projections cuts by 0.2-0.3 pct point for all years

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