Bundesbank releases their latest projections for the German economy
- 2018 GDP growth at 2.0% (previous 2.5%)
- 2019 GDP growth at 1.9% (previous 1.7%)
- 2018 inflation seen at 1.8% (previous 1.6%)
- 2019 inflation seen at 1.7% (unchanged)
- Sees core inflation averaging at 2%
Somewhat similar to what the ECB's message was yesterday. Softer growth overall, but upgrade to the inflation forecast. Not all too surprising, at least they are coming to a realisation that the initial forecasts were a bit too optimistic.