Latest economic bulletin from the ECB
- low inflation in coming months but rising by year-end
- inflation picking up in 2016/2017 on economic recovery, weaker euro and expected oil price rise
- oil price declines still exerting downward pressure in underlying inflation
- steady growth momentum in Q2 suggested by recent surveys
- ECB to react to changes in inflation outlook, undesired monetary tightening
- increased China uncertainty as a result of stock market turmoil
Seems to me that if the central banks are relying on oil price rises to help their inflation mission then there's going to be a lot of disappointment
More from the ECB here
