2016 unchanged forecast of +1.8%
- 2017 +1.5%
- HICP forecast +0.5% 2015 vs +1.1% prev forecast in Dec
- 2016 +1.8% vs +1.6% prev
- 2017 +2.2%
Comments from BUBA head Jens Weidmann
- key factor behind subdued inflation outlook is sharp drop in crude oil price
- growing labour market shortages are supply side risk to growth and could lead to to increased price pressures
- foreign trade hampered by dampening global dynamics but also buoyed by euro's depreciation and strengthening cyclical recovery in Eurozone
EURUSD nudging higher in a quiet start so far
