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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Professional forecasters have revised lower both headline and ex-energy and food HICP expectations for eurozone inflation from the previous quarter, the latest ECB survey showed on Friday.
Headline inflation was expected to decline from 2.4% in 2024 to 2.0% in both 2025 and 2026, the Survey of Professional Forecasters showed. Longer-term HICP inflation expectations (for 2028) were also revised down, by 0.1 percentage point, to 2.0%. Inflation in the Eurozone stood at 2.9% in December, with core (ex-energy, food, alcohol and tobacco) inflation at 3.4%. (See MNI SOURCES: "Biggest Minority" Favours ECB June Cut)
Real GDP growth expectations were revised down for 2024 and 2025, while longer-term expectations were unchanged at 1.3%. Unemployment expectations were largely unchanged from the previous survey round. Respondents continued to expect the unemployment rate to increase to 6.7% in 2024 but to decline gradually to 6.5% in 2026 and to remain at 6.5% in the longer term.
Source: ECB
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.