ECB Q2 Survey of Professional Forecasters just out on Reuters
- 2105 HICP 1.3% vs 1.45 prev Q1 forecast
- 2016 HICP 1.5% vs 1.7% prev
- long term inflation expectations +1.8% vs 1.9 prev
- 2014 GDP 1.1% vs 1.0% prev
- 2015 GDP 1.5% as prev
- 2016 GDP 1.7% a prev
Lower inflation forecasts all to throw into the ECB decision
EURUSD still on the back foot and this won’t help