According to the ECB: more growth in 2017 but less inflation all the time

The three charts below show the ECB forecasts for GDP growth, the inflation rate and the core inflation rate. They have been updated today with the ECB meeting.
Growth has been revised on the upside for 2017 but remains unchanged, compared to June, for 2018 and 2019. The inflation rate and the core inflation rate have been revised down. The inflation convergence will not take place before 2020.
Therefore you have to expect that the ECB interest rates will remain at the current level (0% on the refi rate) at least until 2019.
ecb-2017-september-growthforecast
ecb-2017-september-infforecast
ecb-2017-september-coreinfforecast

One thought on “According to the ECB: more growth in 2017 but less inflation all the time

  1. Pingback: The ECB decision | Philippe Waechter's blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s