ECB Survey of Professional Forecasters now published

  • longer term EZ inflation f/c unchanged at 1.8%
  • 2016 inflation f/c +0.3% vs +0.7% prev vs +0.1% by ECB staff

Says the ECB:

  • Inflation expectations have been revised down for 2016 and 2017, reflecting mainly oil price developments. Longer-term inflation expectations are unchanged at 1.8%.
  • Real GDP growth expectations have been lowered slightly for 2016 and 2017. Longer-term growth expectations are unrevised.
  • Unemployment rate expectations have been revised downwards across all horizons and remain on a downward path.

The SPF survey for the second quarter of 2016 was conducted between 31 March and 6 April 2016. The total number of responses was 53, which is slightly below the historical average number of responses (58).

Full survey from the ECB website here