5 Mar 2015
ECB lifts growth forecasts, CPI in 2015 expected to be zero – BBH
FXStreet (Barcelona) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman, shares the updated growth forecasts as noted in today’s ECB meeting.
Key Quotes
“The more important information comes from the ECB's new forecasts. CPI this year is now expected to be zero, which implies more price pressures beginning later this year.”
“CPI next year has been tweaked higher to 1.5% and 1.8% in 2017. The 2017 forecast has been introduced for the first time, and suggests the ECB's mandate will be achieved by the end of that year.”
“Growth forecasts were lifted. This year's growth is projected to be 1.5% up from 1.0% anticipated at the end of last year. Next year's growth was raised to 1.9% from 1.5% and 2.1% in 2017.”
Key Quotes
“The more important information comes from the ECB's new forecasts. CPI this year is now expected to be zero, which implies more price pressures beginning later this year.”
“CPI next year has been tweaked higher to 1.5% and 1.8% in 2017. The 2017 forecast has been introduced for the first time, and suggests the ECB's mandate will be achieved by the end of that year.”
“Growth forecasts were lifted. This year's growth is projected to be 1.5% up from 1.0% anticipated at the end of last year. Next year's growth was raised to 1.9% from 1.5% and 2.1% in 2017.”