CPI could end the year at +0.5% avg annual rate

The Bank of Spain is coming out with some comments on growth and CPI. Specifically, they say:

  • 3Q GDP is up 0.8% QoQ. This was the figure released on on October 30th
  • Reiterates estimate of 2015 GDP growth at 3.1% and estimates 2016 at 2.7%
  • Sees 2015 CPI at +0.5% annual rate. Estimate 2016 at 0.8%, but sees possible downside risk to inflation
  • They also comment that risks on growth estimates have increased since June.