Latest data from the ECB - 26 January 2018
- Prior +4.9%
- Lending to companies +2.9% y/y
- Lending to households +2.8% y/y
The ECB also released its results of a survey conducted on professional forecasters:
- 2018 inflation 1.5% vs 1.4% prior (3 months ago)
- 2019 inflation 1.7% vs 1.6% prior
- 2022 inflation 1.9%
- 2018 GDP 2.3% vs 1.9% prior
- 2019 GDP 1.9% vs 1.7% prior
Those are forecast numbers from the survey results. Most seem to have a more positive outlook on the Eurozone economy for 2018, and that's reflected in the inflation numbers as well. If so, then the ECB moving to tighten in 2019 isn't too far-fetched but let's see, shall we?
EUR/USD now at 1.2461 as the dollar regains some ground against the euro and sterling. Meanwhile, EUR/GBP still sits in a tight spot just around 0.8755.
