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ECB Professional Forecaster Survey Sees 2023 Inflation Below Target

ECB

The latest European Central Bank survey of professional forecasters sees a significant uptick in the combined inflation outlook, but prices are still seen below the central bank's forecast in 2023.

  • The Q4 survey sees inflation at 2.3% in 2021 and 1.9% in 2022 - both revised higher by 0.4 percentage points.
  • More importantly from a policy perspective, inflation has been marked higher in 2023, but only by 0.2 pps to 1.7% - still below the 2% symmetric target adopted under the new policy framework.
  • The survey sees GDP growth little changed from the Q3 survey, although average longer-term real GDP expectations have been revised to 1.5% from 1.4% in Q3.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
EM BulletHomepagemarkets-real-timeEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
EM BulletHomepagemarkets-real-timeEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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