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MNI BRIEF: ECB Survey Sees Unchanged Inflation Outlook

LONDON (MNI)

ECB Survey of Professional Forecasters sees short-, long-term inflation expectations unchanged

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Inflation expectations from professional forecasters are unchanged in Q1 from three months ago, the European Central Bank's Survey of Professional Forecasters shows, with harmonised prices seen missing the ECB's 'close to but below 2%' target at all points on the horizon.

The median forecast sees prices rising 0.9% in 2021, 1.3% in 2022 and 1.5% in 2023. The longer-term forecast is unchanged at 1.7%.