Research Team at ANZ, notes that the ECB forecast that HICP inflation
will rise by a modest 1.0% in 2016 (1.1% forecast in September) and 1.6%
in 2017 (1.7%).
Key Quotes
“Inflation will pick up early next year owing to base effects. Real GDP growth is projected to rise by 1.7% in 2016 (1.7%) and 1.9% in 2017 (1.8%). The main drivers of growth are accommodative monetary policy, reduced headwinds from fiscal policy and the lower oil price which is supporting real disposable incomes.”
Key Quotes
“Inflation will pick up early next year owing to base effects. Real GDP growth is projected to rise by 1.7% in 2016 (1.7%) and 1.9% in 2017 (1.8%). The main drivers of growth are accommodative monetary policy, reduced headwinds from fiscal policy and the lower oil price which is supporting real disposable incomes.”
