Economists at Barclays have issued inflation forecasts for the eurozone:

  • See 0.5% inflation in 2015
  • See 0.8% inflation in 2016 versus 0.9% previously
  • Weak labor cost pressures “will filter through consumer prices and ultimately, have lasting disinflationary effects”
  • Low inflation in December would increase the risk of ECB action in January

With inflation forecasts that low — especially in 2016 — the ECB should feel some urgency to take action.