Reuters pollsters are unhappy with the messages from the ECB
Take that Nowotny!!
The latest polls are out on the Eurozone and UK
Eurozone inflation has been ticked lower for the next two years
- 2016 1.0% vs 1.1% prior
- 2017 1.5% vs 1.6% prior
In the latest ECB forecasts they kept 2016 at 1.0% and moved 2017 down a pip to 1.6%
Economists keep EZ GDP running at 0.4% q/q through to Q1 2017 and say that there's a 40% chance that the ECB increases monthly QE purchases next year
Over in Blighty, the first hike forecast has been kept unchanged ta Q2 2016 and GDP is also unchanged at 0.5-0.6% q/q in 2016. The biggest risk to the economy will be the uncertainty over EU membership
